Sentences with phrase «taxation system»

A taxation system refers to the set of rules and processes that a government uses to collect money from individuals and businesses as taxes. It helps the government obtain funds to provide public services like education, healthcare, and infrastructure. Full definition
A territorial taxation system enables tax avoidance by the rich, limits the policy - making freedom of governments, and helps reduce the size of the state.
The majority of taxation should come from individuals in a progressive taxation system.
But the Brazilian taxation system is medieval and there is so much red tape that we didn't want to continue.
You could no longer have a worldwide taxation system, and then profits are taxed wherever they're earned.
The wealthy, paying more taxes, would nevertheless share in the benefits of an efficient taxation system.
And the researchers never, for a moment, considered the land tenure and government taxation systems could be the cause.
«So, I think that it would be possible to get some information on the virtual currency taxation system soon,» he emphasized.
In this type of taxation system, the tax paid is dependent on income source.
And some countries have a territorial taxation system, meaning you only pay taxes on locally generated income, not your global income.
All models in the series achieve emission levels 75 % lower than the 2005 standards under MLIT's Approval System for Low - emission Vehicles, qualifying for incentives under the Japanese government's taxation system for environment friendly vehicles.
Nevertheless, while the post-1972 federal taxation system bears little resemblance to that advocated in the Carter report, the report's influence is reflected in the partial taxation of capital gains and changes in tax administration.
There are positives and negatives with shifting away from capital income taxation, but we should be clear on the long - run implications of TFSAs — they will transform the nature of our personal income taxation system.
«We are concerned about a unilateral approach... that threaten to undermine progress that we have made collaboratively with the Europeans to make the international taxation system fair,» Earnest told a briefing.
Also at 1 p.m., the Assembly Committee on Real Property Taxation holds a public hearing to evaluate New York City's real property taxation system in its totality, and discuss improvements that could be made through state legislation, 250 Broadway, Manhattan.
A most vivid example of this undemocratic private taxation system is the recent «dancing tax».
The GLA is assembled in India, and is expected to cost lower than before thanks to the new taxation system.
Even as national governments accept that the current taxation system needs to be altered, the path forward is fraught with difficulties, with some countries warning that a new levy could discourage digital use and push customers to products outside of Europe.
So the alternative is no tax at all domestically, creating a true territorial taxation system where companies can be free to bring money back to the states to use for investment here, while also reinvesting in other companies as they build their global enterprises.
The reason I mention this is because Alberta taxation system is not in sync with reality.
Maria Sirotkina: With a lower taxation system compared to many EU destinations, Malta has a bit of everything.
And you had a particular taxation system, and then a scribal system, that actually made people's lives miserable.
This then creates a technological hurdle that could be solved but only by either (A) requiring states to have earlier filing periods, or (B) requiring some kind of uniform state taxation system.
As Rockland County Times Publisher Emeritus Armand Miele has been trying to wake Rockland residents and officials up to for years, the MTA is running an unfair taxation system that is like «taxation without representation.»
Miele has been imploring local officials to find an attorney who'll take the entire MTA taxation system to court, and believes we can win in federal court.
The domestic Korean market versions did not include the 1.6 - liter version, as the South Korean taxation system heavily penalizes cars of more than 1,500 cc.
Under the new GST, large luxury cars and SUVs with engine capacity of over 1,500 cc are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, thereby bringing down the overall tax incidence compared to around 50 per cent under the previous taxation system.
The new GST taxation system has brought smiles to the faces of several car manufacturers, especially big sedans and SUV makers.
This should be done primarily by putting additional money to bonds instead of selling existing investments to avoid additional taxes (not sure if this applies to other taxation systems than the Finnish one).
That's despite a strong # 5,000 subsidy (almost $ 8,500, at current exchange rates) per vehicle, exemption from the country's CO2 - based vehicle taxation system, and exemption from London's CO2 - based congestion charge scheme.
Lankhorst - Hohorst GmbH v Finanzabmt Steinfurt: C - 324 / 00 [2003] STC 607, [2002] All ER (D) 169 (Dec) is a good example of the confidence that the ECJ has developed over recent years to upset member states» domestic taxation systems in the name of non-discrimination, and it represents the ECJ's typical pre-M & S approach to infringement of Art 43 of the EC Treaty by member states.
The stock market is up in part because of anticipation that President Donald Trump and the Republican Congress will overhaul the nation's taxation system for the first time in over 30 years.
Unfortunately, the PC Caucus is reluctant to entertain the idea of more stable funding sources like sales taxes, a progressive taxation system or an increase in natural resource royalties.
There are positives and negatives with shifting away from capital income taxation, but we should be clear on the long - run implications of TFSAs — they will transform the nature of our personal income taxation system.
A humbled Jim Flaherty backtracked and announced the creation of an advisory panel to examine Canada's international taxation system.
The Unite union said pledging to restore the 50p rate showed Labour «understands the need for a fairer taxation system».
Taxation, Royal Commission on, under Kenneth Carter, appointed (1962) by PM John Diefenbaker to examine and to recommend improvements to the entire federal TAXATION system.
(Prerequisites BUSI 121, 330, & 331)[WTI, WTII, STI (subject to enrollment)-RSB- BUSI 443 (3) Foundations of Real Property Assessment and Mass Appraisal This course examines the basis for real property taxation systems and the administration of the mass appraisal function.
I have worked for large multinational companies in Brazil and Latin America, like Santander, Hewlett - Packard and Capgemini, managing tax departments, and always dealt with desperate reactions of my leaders in USA and Europe about the Brazilian taxation system; I know that it can be hard to deal with.
While the economic benefits of a system that allows this private taxation system could be debated, its very existence is anti-democratic.
The lack of clear regulation of virtual currency has been a hot topic and has caused many industry heads to question the potential to circumvent the federal taxation system.
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