Taxes
in sentence
2462 examples of Taxes in a sentence
On the revenue front, Brazil should replace the current state-level value-added tax (VAT), which is riddled with major distortions, and the federal cascading turnover
taxes
with a modern dual (federal and state) consumption-type VAT, with a common base and a very small number of rates.
To balance the budget only by taxing the rich will require a significant increase in income taxes, to the point that it would lower incentives for work and entrepreneurial activity considerably.
This is not to say that
taxes
on the rich cannot be increased at all; but such increases cannot be the primary way of balancing the budget.
Hence their mantra: no additional
taxes.
The government made a mistake in the past by not raising
taxes
to finance these programs or reducing the benefits that they promised.
Unless the growth of these entitlement programs is curbed now, today’s young will pay dearly for that mistake, in the form of higher
taxes
now and lower benefits when they are old.
National governments introduce efficiency standards, taxes, and other policy instruments to improve the environmental performance of buildings, vehicles, and transport fuels.
Increasing
taxes
is not only unpopular; it can be counter-productive, given already-high taxation in many countries.
And it means, among other things, promising to restore steelworkers’ and miners’ jobs, end the cosseting of minorities, deport all undocumented migrants, cut
taxes
and increase infrastructure spending by hundreds of billions of dollars, repeal Obamacare, eliminate or somehow renegotiate the national debt, torture militants, and target their families.
Research I did with Gylfi Zoega a decade ago confirmed that cuts in
taxes
on labor boost employment in the short run.
The false hopes raised by cutting
taxes
would have diverted policy makers away from fundamental reforms that are necessary if the Continent is to achieve the dynamism on which high rates of innovation, abundant job creation, and world-class productivity depend.
In Italy, the debate centers on
taxes
in general, and the rather miniscule property tax in particular.
So higher
taxes
on property and lower
taxes
on income would contribute to the creation of a more dynamic, competitive economy.
Over the past ten years of economic transformation, unimaginable wealth has unaccountably disappeared from banks and companies; billions in
taxes
go unpaid.
All of that money could have been used to improve health care, hire more teachers, build better roads, or lower
taxes.
What Sarkozy has announced so far is his intention to cut income taxes, reform public sector unions, and give tax breaks for overtime work.
Initial damage to the confidence of the business class caused by higher
taxes
on the wealthy would be balanced by the prospect of higher overall consumption.
In early July, the European Commission was reportedly contemplating a tariff-cutting deal to address Trump’s complaint that the EU
taxes
American cars at four times the rate the US
taxes
European sedans.
Add low
taxes
and a double-taxation convention with Russia, and it is no surprise that Cyprus’s business model –serving as an international center for services and trade – has been successful.
From then on, raising
taxes
became anathema to the Republicans, and, in time, most of Bush’s “temporary” tax cuts became permanent.
Trump’s promise to cut
taxes
again is widely viewed as a major reason why Republican congressional leaders – and, most important, the party’s big donors – supported him in 2016 and continued to do so.
It would also avoid the need for dramatic increases in gasoline or carbon taxes, which are broadly accepted in Europe and Japan, but remain the kiss of death for American politicians.
The core issue is
taxes.
In some countries, sales of public assets and the levying of one-off wealth
taxes
would also be helpful.
In the Eurozone the scope for fiscal stimulus (lower
taxes
and/or higher public spending) was constrained until war blew a hole in the Stability Pact, which caps member budget deficits at 3% of GDP.
More than 70% of fiscal expenditure is linked to entitlements, and there is little or no room to increase
taxes
(total revenue as a share of GDP is already the highest in Latin America).
Expecting that
taxes
would have to rise to “pay for” the extra spending, households and companies would increase their saving.
Taxes
might rise somewhat in the high-income ranges, with the proceeds going to fund entitlements and redistribution.
They can also raise revenue, whether through income taxes, property taxes, or myriad fees.
With its attention focused on macroeconomics, the EU neglected to take the measures that would have put economic growth back on track: freeing up markets, cutting spending (rather than raising taxes), and, above all, further developing its greatest asset, the single European market.
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