Revenue
in sentence
1117 examples of Revenue in a sentence
Prior to the current crisis, US government
revenue
was roughly 60% federal and 40% state and local.
Today, a G-8 or G-20 agreement on exchanges of tax information could help to shore up national
revenue
bases and the reputations of governments for tax fairness.
For example, for those who are motivated by profit – like the now-infamous Macedonian teens who earned thousands of dollars running “fake news” sites – new ad policies that disrupt
revenue
models may help.
Why try to move to an improbable global wealth tax when alternatives are available that are growth friendly, raise significant revenue, and can be made progressive through a very high exemption.
These
revenue
losses could be offset by curtailing so-called “corporate-tax expenditures” – deductions, credits, and other special tax provisions that subsidize some economic activities while penalizing others – and broadening the corporate-tax base.
Eliminating “special interest” loopholes, like tax breaks for oil and gas, or for corporate jets, would not yield enough
revenue
to pay for a meaningful rate cut.
Instead of cutting proven tax incentives for business investment, the US should offset at least some of the
revenue
losses from a lower corporate-tax rate by raising tax rates on corporate shareholders.
But, in a world of mobile capital, raising the corporate tax rate – or simply leaving it at its current level – would be a bad way to generate revenue, a bad way to increase the tax system’s progressivity, and a bad way to help American workers.
The resulting concentration of revenue, wealth, and power undermines systemic stability by creating too-big-to-fail entities, while hampering smaller players’ ability to compete.
That is not because the US has the least progressive tax system; indeed, its tax system is considerably more progressive than those of most European countries, Canada, and Australia, all of which rely on regressive value-added taxes as an important source of
revenue.
Meanwhile, ASI is allowed to keep, in Ireland, profits representing close to two-thirds of the
revenue
from the sale of every Apple product sold outside the US.
Suppose further that the Greek government proposed waiving corporate tax for 20 years on all
revenue
Apple earned in the rest of the EU but booked in Athens – say, €13 billion.
Obama and the Republicans agreed to continue those tax cuts for at least two years (they will now probably continue beyond that), thereby lowering tax
revenue
by $350 billion this year and again in 2012.
If a country’s terms of trade (the price of its exports) deteriorate and a large recession persists for a long time, its government’s
revenue
base may shrink and its debt burden may become excessive.
While a lower corporate tax rate may have been a good idea, the
revenue
loss should be offset by measures that limit interest deductions and other loopholes.
Democrats could raise government
revenue
further by implementing a carbon tax – an approach that would also have environmental benefits.
In the US, when oil prices go up, incomes in Texas and Montana rise, which means that these states then contribute more tax
revenue
to the federal budget, thereby helping out the rest of the country.
The refining and petrochemical sector supplies the EU with a large proportion of its fuel, and is also a major source of tax
revenue.
Revenue
growth thus looks insufficient to match the surge in age-related public spending on health and pensions.
The additional
revenue
might initially come from selling small electricity surpluses to local farmers to recharge their mobile phones (thereby allowing them to work out the optimal prices for their crops), or to help them irrigate farmland using small electric pumps.
Thus, the government would need to do more than what the plan foresees to achieve the
revenue
targets.
This cuts
revenue
for the most vulnerable farmers by 13.5%.
Currently, nearly 20% of India’s fresh produce is wasted because of storage problems, so most small farmers do not risk growing perishable crops that would yield more
revenue
than staples.
Despite the high rate, corporate tax revenues comprise a relatively small share of government revenue, partly because a rising share of total business receipts – currently more than 30% – flows through so-called “pass-through" business organizations, which are not subject to corporate tax.
Research that I carried out for Bruegel surveyed the largest 100 listed companies headquartered in Europe (ranked by market capitalization) and analyzed the geographical distribution of their revenue, which is increasingly transparent since the adoption of International Financial Reporting Standards (IFRS) last year.
The survey then calculated the share of
revenue
earned by each company in the zone in which it is headquartered (or “home base”), the rest of Europe, and the rest of the world.
The results show that the share of the home base in total
revenue
has become, on average, relatively low: just three-eighths, or 37.5%, on average for Europe’s largest 100 companies.
For a broadly representative sub-sample of 55 companies that could be tracked since 1997, the proportion of
revenue
generated in the home region has fallen sharply on average, from 50.2% to 36.9%.
If the trend is extrapolated, the home bases of Europe’s largest companies will account, on average, for less than half of their European revenue, and less than a third of their global revenue, before the end of this decade.
The survey also measured the geographical distribution of employees relative to the distribution of
revenue.
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