Taxation
in sentence
582 examples of Taxation in a sentence
Some developing and postcommunist countries censor the Internet by excess
taxation
and/or by limiting access.
Privacy laws,
taxation
and openness are as important for the development of the Internet as for every other aspect of development.
For public finance, too, the orthodox rule was that budgets should always be balanced; except in emergencies, governments should never spend more than they “earned” in
taxation.
The more skeptical you are of the ability of government-run antitrust policy to offset the monopoly power-increasing effects of M&A’s, the more you should seek other sources of countervailing power – which means progressive income
taxation
– to offset any upward leap in income inequality.
The journalist Tom Bergin analyzed years of complex documentation to discover, expose, and explain the ins and outs of how the company was circumventing local
taxation
in the countries where it operates.
The Parliament at Westminster, to which Scots continue to elect MP’s, still controls defense and foreign affairs, macroeconomic policy, taxation, and social security.
At the same time, regulation and
taxation
should be used to rein in disruptive day trading and other exploitative speculation that crowds out sustainable investment and disrupts regular business activities.
The European Commission is considering a common model of corporate
taxation
for the European Union that cannot possibly work.
The system is complex, expensive to administer, and can result in double
taxation
because members usually do not allow full write-offs for losses and tax liabilities incurred abroad.
However, a radical change in approach is required: the notion of income as a basis for corporate
taxation
should be scrapped altogether.
Referring to corporate income made sense when company
taxation
was seen as a “back stop” within a system of progressive
taxation
of personal incomes.
But most countries have now adopted “dual” income
taxation
that treat the fruits of capital more leniently than other personal income.
Another reason to scrap income and move to presumptive
taxation
of corporate activities stems from the EU’s decentralized nature.
These concerns require that fiscal exit strategies be planned, announced, and implemented soon, before the stimulus programs become permanently entrenched, develop powerful dependent constituencies, and greatly increase the risk of rising interest rates, inflation, and
taxation.
Yet, instead of supporting farmers, African governments have erected even more obstacles to growth, including excessive taxation, insufficient investment, and coercive policies.
Indeed, tobacco
taxation
is an untapped source of domestic financing that will be important for the successful implementation of the post-2015 Sustainable Development Goals.
Many more suffer from the meager growth and barely rising incomes that result from the toxic combination of government overspending, burdensome regulations, and corrosive
taxation.
Trump has revealed a profound lack of understanding of complex policy matters: national security, foreign affairs, immigration, taxation, economic inequality, health care, education, the environment, trade, abortion, religious rights, free expression, and much else.
Not only is its professional capacity dubious, as the NECU study highlighted; its independence has been dramatically curtailed by the government’s recent decision to reduce significantly regulatory obligations for businesses and state-owned companies (except with regard to taxation).
Mass education, progressive taxation, and social-welfare benefits have not prevented increasing inequality.
Moreover, the EU should be able to legislate on a wider array of policies, including, for example,
taxation.
High
taxation
supports comprehensive national health care, education, pensions, and other social services, resulting in low levels of poverty and a relatively narrow income gap between the richest and poorest households.
American conservatives argue that a large public sector is subject to inefficiency and mismanagement, corruption, and bureaucratic abuse, while the
taxation
needed to support it blunts economic efficiency.
Nor has high
taxation
in the Nordic countries impeded economic performance.
Rather than relying mainly on income taxation, as in the US, the Nordic countries rely on value-added taxation, which provides a relatively high amount of revenue with relatively low rates of evasion and few distortions to the economy.
For its part, India could initiate realistic tax reforms, like eliminating transfer-pricing and retroactive
taxation.
Given the current dependence of
taxation
on consumption and the ongoing current-account adjustment, the tax on financial transactions, in particular, will be vital to buy time for mandatory public expenditures to be reviewed.
With budget austerity restraining public investment, and major uncertainties concerning public policy and international
taxation
hampering private investment, such spending has generally declined in the high-income countries.
And the egregious loopholes in the global corporate-tax system should be closed, thereby boosting global corporate
taxation
by some $200 billion annually, if not more.
That would create room for a more uniform tax response among countries, thus reducing the ability of the super-rich to evade
taxation
by switching location.
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