Taxation
in sentence
582 examples of Taxation in a sentence
Europe craves the opposite mix: more monetary flexibility, fiscal policies that reduce
taxation
and national debt, and a labor policy that makes Europe's labor markets more akin to America's.
But India must ensure that its policies are transparent, and that contractual disputes, especially over taxation, are quickly resolved.
His companions, however, remain unconvinced and seem resigned to failing to find an alternative to the neo-liberal
taxation
model for paying the foreign debt.
This will require increased revenue from
taxation
and stronger efforts to collect what’s owed.
In particular, slavery was allowed in some states, but prohibited in others, and the 1787 compromise to count each slave as three-fifths of a person when determining a state’s population for representation and
taxation
was fraying.
But while Trump ran as a populist, he has governed as a plutocrat, most recently by endorsing the discredited supply-side theory of
taxation
that most Republicans still cling to.
Third, this rising inequality must be reversed through confiscatory
taxation
before it destroys society.
A second critical area is
taxation
and social protection.
Beyond increased
taxation
of rents and estates, policymakers should pursue cooperative efforts to stem corporate tax avoidance, tax inversions, and the use of tax shelters.
A more fundamental question is causality: the state of the economy certainly affects the fiscal position, just as taxation, spending, deficits, and debts may affect economic growth.
All of this is true, but, given the possibility of a major overhaul of US corporate taxation, which President Barack Obama has proposed, we should revisit the conventional wisdom concerning the supposedly weak connection between corporate
taxation
and the financial crisis.
Indeed, in my view, policymakers, academics, and the media have rejected too resolutely the idea that corporate
taxation
played no more than a minor role.
The
taxation
issue may go deeper.
Much consideration has already been devoted to how to reform corporate
taxation
in a way that levels the playing field for equity relative to debt; more than 20 years ago, the US Treasury conducted a major analysis and devised a plan to do so.
The economic heterogeneity of such a large number of members, when paired with the unanimity required for core decisions to be taken on issues such as taxation, the budget, fundamental rules and other areas, means that the common denominator for decisions in the EU will become smaller and smaller.
At the core of this debate, as it was over two hundred years ago in America, is
taxation.
The implementation of the agreement with the European Union on the
taxation
of savings is a good example of this.
Given these companies’ significance to national and global economic performance, world leaders’ focus on the arcane intricacies of corporate
taxation
is easy to understand – perhaps nowhere more so than in the United States.
All other G-8 countries (and most OECD countries) boost their MNCs’ competitiveness by taxing only their domestic income, exempting most of their foreign earnings from domestic
taxation
(an approach known as a territorial system).
The US, by contrast, taxes its MNCs’ worldwide income, with taxes paid elsewhere credited against their US tax liability to avoid double
taxation.
Such systems include transfer-pricing rules based on OECD guidelines (used by the US as well), limits on interest deductibility, and domestic
taxation
of some kinds of income earned in low-tax locations where companies report large earnings but carry out little real economic activity.
By contrast, both America’s worldwide system and other countries’ hybrid territorial systems rely on an “origin or source principle” that bases
taxation
largely on where input costs and production activities are located.
Taming financial markets will not be easy, but it can and must be done, through a combination of
taxation
and regulation – and, if necessary, government stepping in to fill some of the breaches (as it already does in the case of lending to small- and medium-size enterprises.)
The difference between the US and other countries is not its lack of a BAT, but its strong reliance on direct
taxation.
Americans think they know what it is: a central government with a large budget (about 20% of GDP), whose macroeconomic role is to carry out counter-cyclical spending and taxation, as most US states are constitutionally committed to some sort of balanced budget.
Appalled at the circumstances of the Japanese people, who were largely peasants, the emperor decided to suspend
taxation.
Another global challenge is taxation, which requires international coordination to stanch rampant avoidance and evasion.
But if countries are serious about reducing inequality and funding pensions and health care for their citizens, they will have to cooperate in global-governance efforts to prioritize fair
taxation.
Climate change and
taxation
are just two issues requiring global coordination, but the list goes on.
But powerful countries such as the US and European Union members could have done much on their own to limit tax evasion – and the race to the bottom in corporate
taxation
– if they so desired.
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