Sentences with phrase «taxation years of»

The claim, filed in Ontario Superior Court last Friday, is on behalf of those who participated in the Donation Program for Medical Science and Technology offered by Trinity Capital Corp. in at least one of the taxation years of 2001, 2002 or 2003.

(9) Nova Scotia provides a corporate tax holiday under s. 42 of their Income Tax Act for the first 3 taxation years of a new small business after incorporation.

In line with practitioners, who have argued that interest accrues continuously and that the CRA's administrative practice has no «fairness» rationale, Justice Stratas accepted Mr. Bozzer's position that the 10 - year limitation period is the 10 years that end with the taxpayer's application for relief, regardless of the taxation year of the principal tax debt.

Not exact matches

With the existing $ 5,500 - per - year contribution limit, all but the top few per cent of families will soon be able to shelter all of their assets from taxation.

But when you're running a small business, you're going to need help all year, says Melissa Labant, director of taxation at the American Institute of CPAs in New York.

I've seen it range from $ 25K / year to $ 25K / week, with no reference to levels of taxation or other external yardstick.

To equivocate anticipating yourself in a position where you can't compensate the IRS, Losi has some candid advice: If you've seen a vast boost in resources in a calendar year, from cryptocurrency gains or the appreciation of other assets, set a apportionment of it aside in expectation of taxation payments.

A primary advantage of this philosophy arises due to the way the taxation system is setup in the United States, which creates an inherent edge that accrues to the passive strategy as the years go by and compounding works its magic.

In 2015 - 16, there was an exceptionally large end - of - year accrual adjustment, which the Department of Finance attributable to aggressive tax planning by high - income earners in advance of the introduction of a new high - income tax bracket for taxation year 2016.

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

The latter primarily reflects the year - end filings of those financial institutions with a taxation year ending October 30th.

A Bit of History Earlier this year, the High Administrative Court of France was seized on behalf of several taxpayers, challenging the instituted regimen, in force since July 2014, related to taxation of bitcoin and other cryptocurrency - related transactions.

In the latest budget, a decline of $ 1.7 billion is projected, primarily reflecting extraordinary tax payments made in the end - of - year accounting period in 2015 - 16 reflecting tax planning in advance of the introduction of the high - income tax bracket for taxation year 2016.

The Department of Finance attributes part of the higher - than - expected outcome for personal income tax revenues to tax planning by high - income Canadians to recognize income in 2015 in advance of the introduction of the new 33 % tax bracket for taxation year 2016.

2017 tax reform is the first major tax overhaul in 30 years, and will affect individuals, all types of businesses, tax - exempt entities, international taxation, and many other areas of tax law...

The platform planks for «32 embodied a number of Century concerns: U.S. adherence to the World Court protocol; U.S. entry into the League of Nations, provided that its covenant be amended to eliminate military sanctions; U.S. recognition of the Soviet Union (which was granted a year later); the safeguarding of the rights of conscientious objectors (including those denied citizenship, such as Canadian - born theologian D. C. Macintosh of Yale Divinity School); the abolition of compulsory military training in state - supported educational institutions other than military and naval academies; emergency measures for relief and public - works employment; the securing of constitutional rights for minorities; the reduction of gross inequality of income by steeply progressive rates of taxation on large incomes; «progressive socialization of the ownership and control of natural resources, public utilities and basic industries»; «the nationalization of our entire banking system»; and so on (June 8, 1932).

The Scottish Government has a duty to control the overall yield of local taxation, as it is responsible for balancing the government budget overall, and also for any controls such as those suggested above to equate the yield of the new taxes in year 1 with the yield of the old taxes in year 0;

Consider the following: in the five years going from 2008 to 2012 inclusive, UK government receipts from taxation on petroleum exploration and production activities came to # 44.62 billion, representing an average ETR of 27 per cent on a gross industry income of # 165 billion (the fiscal years of other North Sea producers run concurrently with calendar years, so UK fiscal data has to be annualised to make it properly comparable to that of other North Sea producers).

Shockingly, the UK political establishment looks poised to loosen further what already looks like a very lax fiscal regime, at a time not only of straitened public finances and austerity (and a high burden of personal taxation), but also of extraordinarily high petroleum prices (2011 was the first year in history when the international price of crude averaged over 100 dollars per barrel, 2012 was the second, 2013 the third, and 2014 looks dead set to be the fourth).

So on personal taxation, we want to see a «triple - lock», where all tax bands increase each year by the highest of consumer price inflation, earnings growth or 2.5 %.

Mr. Speaker, Total Revenue and Grants for the 2017 fiscal year has been conservatively estimated at GH cents 51 billion based on our projection of the level of economic activity in 2018, Government's policy on taxation and donor grant disbursements.

Dalli was let go to make room for Douglas Sutherland, who was chief deputy comptroller under Angie Carpenter, but became executive director of taxation and finance once the treasurer and comptroller's offices merged two years ago.

Armed with 200 years of taxation receipts and other economic indices from developed countries (mainly France, Britain and the US) he shows there is one economic law that approaches a constant: the rate of return on capital (r) is usually higher than the rate of economic growth (g).

After years of fighting a losing battle against the state of New York over the taxation of name - brand cigarettes sold on reservations, many of the state's eight federally recognized Indian tribes are now manufacturing their own smokes.

A full consultation document with detailed proposals on all the areas of foreign profits taxation under review is very unlikely - but updated proposals on changes to the controlled foreign companies regime and a new restriction on interest expense are likely before the end of the year and could be unveiled in the pre-budget report.

Yes, by all means, keep working with the «regular» Republicans who have presided over 46 of the last 48 years, directly contributing to the greatest economic decline in New York history through high taxation and massive spending.

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.

The governor and legislature have sought over the past five years to compensate for limits on local property taxation through expansion of state financial aid to schools.

After fights over taxation to fund pre-kindergarten programs last year, de Blasio is preparing to be more of a presence on Cuomo's turf in the final five weeks of the legislative session.

Cuomo says it would be the first instance of double taxation since the federal income tax began over 100 years ago.

It is clear that altering social pattern is particularly hard, especially in a single four - year term, yet it may be argued that if a party promises to cut taxation, it can redeem this promise depending on the realities of the period.But it is quite possible for politicians to encourage attitudes and expectations which are mutually incompatible.

And, while this is a long way off, shows that a GOP challenger in 2014 against Cuomo will have a difficult time trying to devise a line of attack on fiscal and taxation issues, unless the Democratic governor forces through a tax increase in the next three years.

«The tenets of the Republican Party are fiscal responsibility, less taxation, less government, less spending and the Paul Ryan blueprint gets us to that over the next 10 years.

In 2007, the party abandoned its longstanding pledge to introduce a new 50p tax rate on the highest earners, and the following year called for a reduction in the overall burden of taxation.

Instead, the U.S. has found ways to cut taxes at the corporate level and has applied in recent years lower tax rates to dividend income, so that the combined burden of taxation on distributed income is lower, but it is still a sub-optimal solution which has been widely recognized to exist since at least the 1950s.

And up until December of last year, Cuomo was pushing back on the idea of redistributing wealth through taxation.

Gordon Brown as chancellor and prime minister has presided over the largest hike in taxation of any government for more than 30 years.

In my own view, the Labour Party have actually managed in the last eleven years to create, in ascending order of wealth (i) a working underclass that is actually poverty - stricken (ii) a large benefit - sustained, inactive element that is now economically better off than most of those who work (iii) the working middle - classes, who are being hammered into submission by rising taxes and prices and over-regulation (iv) the rich who are either exempt from or indifferent to taxation or regulation.

high levels of property taxation and increasing poverty,» and that «City financial management over the past several years has been an outright disaster.»

If own more than $ 10 million, you pay 1.3 percent a year, we would have enough taxation coming in, that no other form of taxation would be necessary.»

Heastie, backed by de Blasio and the teachers unions, sought to tie the renewal of the 15 - year - old program to the extension of local taxation authority for upstate municipalities largely controlled by Republicans — a play infuriating to Flanagan.

In its first year of existence, MCFA focused on setting up a network of contacts between Marie Curie Fellows across Europe, and on tackling host country - specific issues (such as taxation and social security problems and fellows» contracts with their host institutions).

In other words if you want people to spend 50 billion a year on increasing efficiency, if your incentive for this is exclusively green taxation, you will have to impose green taxes of much more than 50 billion a year, perhaps 100 billion or 150 billion a year.

The amendment solves a taxation problem that began about 20 years ago, when the state began to exempt certain types of property from the personal - property tax.

While these aren't exactly the «mental taxation of school,» participating children largely continue to learn, in measurable and positive ways, through the hot middle months of the year.

Every school district in the State will get a massive increase in funding in 2018 — due to the double taxation of the Old Local Levy Rate plus the New State Levy Rate — both at their maximum in the same year.

First, concerns were raised about the omission of recreational program budgets in the equity calculations; lawmakers were also worried that there was no consideration for districts having to go through «truth in taxation» hearings with voters who may be overly sensitive to recent property tax increases; finally, policymakers wanted an extended period of time of 1, possibly 2 more years to allow for the necessary levies to occur to pay for such changes.

The General Assembly shall provide by taxation and otherwise for a general and uniform system of free public schools, which shall be maintained at least nine months in every year, and wherein equal opportunities shall be provided for all students.

The niche market, which is only 1 per cent of total passenger car market, was bumping from one regulatory or taxation hiccup or another since the past two years such as the Supreme Court ban on high end diesel vehicle sale in Delhi - NCR, note - ban and the short - lived GST boost.

The new unit emits a more competitive 117g / km of CO2, which means it qualifies for free road tax in the first year and attracts a benefit - in - kind taxation of 17 per cent.