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Taxation in sentence

582 examples of Taxation in a sentence

The final major problem with the BAT is that it violates World Trade Organization rules, which allow border adjustment only on indirect taxation, such as value-added tax, not on direct taxes, like those levied on corporate income.
Given that recent research shows that much of the burden of corporate taxation is borne by workers in the form of lower wages, Democrats should embrace tax reform as a way to support income growth.
For example, the rise in inequality has many causes: the addition of 2.3 billion Chinese and Indians to the global labor force, which is reducing the jobs and wages of unskilled blue-collar and off-shorable white-collar workers in advanced economies; skill-biased technological change; winner-take-all effects; early emergence of income and wealth disparities in rapidly growing, previously low-income economies; and less progressive taxation.
The push towards a modern welfare state accelerated after the Great Depression, when the state took on the responsibility for macroeconomic stabilization – a role that required the maintenance of a large middle class by widening the provision of public goods through progressive taxation of incomes and wealth and fostering economic opportunity for all.
Every country, however, has special sensitivities: the Germans are unwilling to be outvoted on immigration; the French are unwilling to be outvoted on trade in services; the British are unwilling to be outvoted on taxation.
For governments to cope with these mounting pressures, they will need to rethink the key policy tools on which they have relied for well over a century, starting first and foremost with taxation.
But taxation could be on the cusp of a much broader transformation, not limited to the digital economy.
With today’s businesses expected to contribute more to society than just what is on their balance sheets, there is a new impetus to base corporate taxation partly on a firm’s social footprint.
It is amazing to watch how quickly Christian Democrats and Social Democrats have forgotten their electoral promises and agreed on a program of higher taxation.
The many uncertainties they face include concerns about excessive regulation, burdensome corporate taxation, high debt levels, erratic policymaking, the political backlash against globalization, and doubts that consumer spending outside (or even within) the United States will last.
European Union leaders have in recent summits come close to identifying a number of economic-policy areas where closer coordination would improve competitiveness, including sustainability of pensions, wage-to-productivity ratios, corporate taxation, investment in research and development, and the financing of major infrastructure projects.
They immobilize fiscal policy, lead to serious distortions in the financial system, trigger political fights over taxation, and incite costly distributional conflicts.
Meanwhile, young Africans are largely working in the informal economy, where they enter into ad hoc arrangements that lie beyond the purview of government regulation and taxation.
Another danger is heavy taxation.
Moreover, corruption payments should be added to official taxation.
It may turn out that most businesses are hit by heavy taxation of both varieties – so heavy that the economy cannot grow, as appears to be the case in Ukraine.
And, on the revenue side, Europe needs a minimum of fiscal homogeneity, at least in terms of corporate taxation, in order to avoid a race to the bottom.
Throughout history, other measures, including debt rescheduling, inflation, and various forms of wealth taxation (such as financial repression), have typically played a significant role.
Still others have argued that Doing Business contains built-in biases against regulation and taxation, which may create incentives for countries to enact reforms that game the system rather than produce meaningful results.
Moreover, Putin’s associates wanted Yukos’ wealth, which was confiscated by the state oil company Rosneft through lawless taxation, leaving Putin’s tax reform and judicial reform in tatters and severely undermining property rights.
The freedom of money, financial markets, and people to move – and thus to escape regulation and taxation – might be an acceptable, even constructive, brake on excessive official intervention, but not if a deregulatory race to the bottom prevents adoption of needed ethical and prudential standards.
Indeed, businesses cite uncertainty about the strength of demand, not uncertainty about regulation or taxation, as the main factor holding back job creation.
Such a globally representative forum on taxation should not only serve as a venue for inter-governmental cooperation; it should also support a broader, more inclusive debate on tax reform.
But taxation is inherently political, as it involves issues of equity, justice, and the common good.
Indeed, issues of taxation were at the heart of the creation of modern democratic parliaments.
The euro also hit hard at those politicians who had discovered that inflation is an attractive form of taxation since it does not require a vote in Parliament.
In France’s case, the loss of competitiveness and resulting sharp decline in export performance has been aggravated by relying on crushing taxation of labor to finance generous welfare programs and top-drawer public services (a practice exacerbated by stifling labor-market regulation).
In a country with crushing rates of taxation, this is not only smart politics, but it is also good economics, provided spending is cut.
The rise in taxation can be blamed on the IMF, with the increased revenues siphoned off for political purposes.
While the Nobel Prize committee cited his contributions to macroeconomics, Phelps has made contributions in many areas, including the theory of growth and technological change, optimal taxation, and social justice.
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