Taxes
in sentence
2462 examples of Taxes in a sentence
The chief culprits for Europe’s underperformance are well known: high taxes, too many and bad regulations, the absence of key markets, and high public expenditures.
Across the continent, but especially in southern Europe,
taxes
and strict labor-market regulations keep unemployment high, at 11% of the labor force, and dissuade Europeans from investing in their education.
The rest of the EU should not only follow suit; they should also cut income and payroll
taxes
and liberalize their labor markets.
The official line is that Greek over-consumption will cease once the government reins in expenditure and increases
taxes.
When Greek households have to pay higher taxes, they can simply withdraw the funds from their savings accounts and continue spending much as before.
Debt and
Taxes
in the EurozoneBRUSSELS – The current crisis in the eurozone is known around the world as the “euro sovereign-debt crisis.”
Even so, Argentina went bankrupt, because wealthy Argentines had spirited their assets out of the country, and thus out of the reach of the government, while poor Argentines refused to pay the
taxes
needed to satisfy foreign creditors’ claims.
Today, the US is staring at a present-value fiscal gap (present value of projected non-interest spending, minus taxes) of $202 trillion.
In addition, it doesn’t ignore the positive – the current and future
taxes
available to cover these liabilities.
If the adjustment were made through taxes, every federal tax would need to be increased by 64%, immediately and permanently; if made through austerity, every non-interest spending program – including Social Security and Medicare, the main entitlement programs for the elderly – would need to be cut, immediately and permanently, by 40%.
On the fiscal front, the shift from a complex system of state-level indirect
taxes
to a national goods and services tax (a type of value-added tax) will improve efficiency and raise revenue.
Most of al-Shabaab’s fighters are forced conscripts – young boys offered up by frightened, destitute households in lieu of
taxes.
It has been caused by wages that are too high, too inflexible, insufficiently differentiated, and overburdened by social security costs and high
taxes.
The fact that this informal deal benefits all sides exposes the terrible inefficiency of current fiscal policy (namely, punitive business taxes) and how capital controls magnify it.
The state collects additional VAT from Micro (at a loss of corporate
taxes
that Micro cannot pay anyway);Macro enjoys the benefits of seemingly higher turnover; and the gas-station owner reduces his losses from converting FE into BE.
Tax modifications planned for 1997 are modest steps in the right direction: personal income
taxes
as well as the employees' contribution to the social security system are being shaved and simultaneous measures have been taken to strengthen tax administration.
Ronald Reagan and Margaret Thatcher successfully promoted lower income taxes, privatization of government enterprises, weaker unions, and a generally smaller role for government.
Gerhard Schroeder in Germany has now slashed corporate taxes, is encouraging startup companies, and promises to provide tax breaks for private pension plans.
If Nixon could seek agreement with Communist China, and de Gaulle surrender Algeria, it is a relatively small step for Socialists to embrace the free market and support much lower
taxes
on business.
This implies, among other things, a fair tax system that is more progressive and eliminates the distortions and loopholes that allow speculators to pay
taxes
at a lower effective rate than those who work for a living, and that enable the rich to use the Cayman Islands to avoid paying their fair share.
And the familiar cliché is all too often true: older middle-class women fail to become financially literate in their own households, leaving brokerage accounts, pension accounts, taxes, life insurance, and so on to their husbands.
When a fiscally responsible government launches a war, it typically cuts back on other domestic expenditures and raises
taxes.
American voters, who are famously loathe to increase taxes, might start thinking a lot harder about the real economic costs of their country’s superpower status.
For 30 years, concentrating resources in the government’s hands through state ownership and
taxes
has served China well.
As it is, even Roman Abramovich’s Sibneft – potentially the most vulnerable company due to its oligarch ownership and its use of the same tax minimization schemes that were the undoing of Yukos – merely faces a preliminary claim for back
taxes.
They include the authority to impose
taxes
and restraints on individuals and private entities through criminal, administrative, and civil law, as well as the state’s obligation to provide public goods and services.
A New Macroeconomic StrategyNEW YORK – I am a macroeconomist, but I dissent from the profession’s two leading camps in the United States: the neo-Keynesians, who focus on boosting aggregate demand, and the supply-siders, who focus on cutting
taxes.
What else could he possibly mean when he calls for a newly created eurozone finance ministry that can accrue jointly guaranteed debt and collect its own
taxes.
To ask politicians in a democracy with big surpluses to raise
taxes
or cut benefits or public investment by the enormous magnitude needed to stave off disaster strikes is to be out of touch with reality.
For example, many companies now organize their affairs in such a way as to avoid paying UK corporate taxes, despite having conducted their business here.
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