Taxation
in sentence
582 examples of Taxation in a sentence
All countries redistribute some income through taxation, but in vastly different proportions, with more unequal countries, such as the US and the United Kingdom, tending to redistribute more.
Democrats, too, have historically opposed a VAT, because it is a highly regressive form of
taxation.
If marijuana were allowed to be marketed much like alcohol is now, we could expect more problem users than if it were regulated more like pharmaceutical drugs (say, by requiring users to be licensed; restricting the number of sales locations, hours of sale, and licensed growers; and imposing high rates of
taxation
on higher-THC marijuana).
The Commission cannot, for example, propose to the parliament that it raise taxes and finance transfers, because any decision regarding
taxation
requires the unanimous agreement of all 28 member states.
The presidents insist that this “would not mean centralization of all aspects of revenue and expenditure policy,” with member states continuing to decide on
taxation
and the allocation of budgetary expenditures.
The Scarecrow of National DebtCAMBRIDGE – Most people are more worried by government debt than about
taxation.
Furthermore, the idea that additional government spending, whether financed by
taxation
or borrowing, is bound to reduce private consumption by the same amount assumes that no flow of additional income results from the extra government spending – in other words, that the economy is already at full capacity.
Although some Republicans would like to see revenue increased only by stimulating faster economic growth, that cannot be achieved without the reductions in marginal tax rates and improvements in corporate
taxation
that the Democrats are unlikely to accept.
Exempt from taxation, Bonyads and their regime-appointed directors are very wealthy, with vast powers over major industries.
But Russia remains essentially a “rentier state” – that is, a state whose primary source of revenue is rent – in this case, oil and gas – rather than taxation, which thus keeps demands for political representation at bay.
Even in the US, most voters care about inequality, and even among the top 1%, approximately two-thirds believe that income differences are too large and support progressive
taxation.
Today’s unacceptably high inequality demands interventions to improve education and health, as well as redistributive
taxation
of the kind that Hughes recommends; but it also requires us to tolerate some income disparities to keep people and economies working.
The main beneficiaries of free trade and technological change must actively compensate the losers through taxation, subsidies, and employment support.
For economies to secure the “win” of inclusive growth, the very rich may well have to submit to a form of regulation and taxation, including international rules, that cost them substantial wealth in the long run.
Thirty years of macroeconomic upheaval in Latin America can be boiled down to a simple lesson: governments throughout the region are too large compared with their ability to raise revenue through normal types of
taxation.
What prevents normal
taxation
is lax tax enforcement, due to corrupt public administrations and a bourgeoisie with a well-developed culture of tax evasion.
And taxing natural-resource rents at high rates does not cause the adverse consequences that follow from taxing savings or work (reserves of iron ore and natural gas cannot move to another country to avoid taxation).
This is one of the main aims of global
taxation
mechanisms, such as the International Finance Facility initiative and the Airplane Tax.
The G20 has achieved much in recent years, including better coordination on financial regulation and international
taxation.
For example, the redistributive impact of
taxation
and the quality of public spending in Asia, Africa, and Latin America can be significantly improved.
On the tax side, examples include expanding the base of the personal income tax, ensuring that the rate structure is progressive, removing excessive and regressive exemptions, and improving property
taxation.
According to the OECD’s latest annual review of tax policies across developed economies, the average rate of
taxation
on corporate profits has fallen from 32.5% in 2000 to below 24% today.
The nonpartisan US Congressional Budget Office and the Institute for
Taxation
and Economic Policy, among others, have demonstrated clearly that over 80% of the impact of corporate
taxation
falls on shareholders, not workers.
Examples include competition between welfare states to deter economic migrants, the race to the bottom in taxation, and regulatory rivalry in the banking and insurance sectors.
The common currency and monetary policy are in constant tension with decentralized policymaking on taxation, public-sector investment, and social policies – all of which affect countries’ structural flexibility.
It also requires more progressive taxation; more short-term fiscal stimulus with medium- and long-term fiscal discipline; lender-of-last-resort support by monetary authorities to prevent ruinous runs on banks; reduction of the debt burden for insolvent households and other distressed economic agents; and stricter supervision and regulation of a financial system run amok; breaking up too-big-to-fail banks and oligopolistic trusts.
This year, the Panama Papers exposed how the global rich create secretive offshore companies, permitting them to avoid financial scrutiny and
taxation.
Second, we need a global approach to
taxation.
These compromises state that nothing in the treaties will affect Irish prerogatives on abortion, military neutrality, and
taxation.
Fairness in taxation, on this view, does not require equal treatment.
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