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Taxes in sentence

2462 examples of Taxes in a sentence

Thus, the performance difference relative to Germany, say, could be caricatured as follows: while Germans collect part of the private value-added as taxes, which they then spend on unemployment benefits, Scandinavians in addition give their unemployed a desk and count the unemployment benefits as value-added in the government sector and, therefore, a contribution to GDP.
Hence the Keynesian solution: use monetary policy (lower interest rates) and fiscal policy (expanded government spending and reduced taxes) to keep the economy from ever approaching the precipice where deflation becomes possible.
Another wrong turn is the proposal recently embraced by two American presidential candidates to temporarily scrap taxes on gasoline.
But competition over taxes and services is beneficial, not harmful.
In Great Britain, too, leading Conservatives have recently proved willing to raise taxes and attempted to limit future spending.
There, leading politicians who choose to call themselves “fiscal conservatives” – such as Paul Ryan, now the Republican Party’s presumptive vice-presidential nominee to run alongside presidential candidate Mitt Romney in November’s election – care more about cutting taxes, regardless of the effect on the federal deficit and total outstanding debt.
For example, in 1960, President Dwight D. Eisenhower’s advisers suggested that he should cut taxes in order to pave the way for his vice president, Richard Nixon, to be elected to the presidency.
Or, as former vice president Dick Cheney put it, “Reagan taught us that deficits do not matter” – meaning that Ronald Reagan cut taxes, ran bigger deficits, and did not suffer any adverse political consequences.
But we should pay for this through higher taxes on high incomes and high net worth, a carbon tax, and future tolls collected on new infrastructure.
Fiscal policy – cutting taxes or raising public spending – is too constrained by high government debt to be much use in stimulating demand, and attempts to use it to redistribute resources from rich to poor have created their own problems.
But is it plausible to raise taxes in the face of such sustained low growth?
Higher taxes for the wealthy, together with more “free” (taxpayer-paid) services, was, she argued, the best route to combating inequality.
One way to ensure the necessary R&D is to rely on the market to finance and direct the work by using taxes, subsidies, rationing, and – most important – by convincing firms and consumers that fossil fuels will become progressively more costly.
The EU’s member states retain power over the most sensitive political issues, including taxes, health, education, pensions, the labor market, and foreign policy.
In theory, all that is needed in order to get out of debt is to increase taxes and cut spending.
To the extent that the Fed manages to push this price down (and some economists will dispute its ability to push any meaningful interest rate down), it taxes the producers of savings and subsidizes the spenders of savings.
Taxes generally have little redistributive effect, because most countries rely heavily on indirect taxes.
Forget all that, Republicans insist: cut business taxes, they say, and all that ails America will be cured.
The problem arises because America’s chronic saving shortfall has now moved into the danger zone, making it much more difficult to fund multi-year deficits today than was the case when cutting taxes in the past.
Ordinary workers have no choice but to pay their taxes.
This should not be allowed, and multinationals should stop adding to the problem by threatening to leave countries unless taxes are cut.
After all, a basic principle of corporate social responsibility is that firms should pay their fair share of taxes wherever they operate.
The BEPS initiative introduced a system for reporting corporate profits and taxes paid on a country-by-country basis, and for facilitating exchange of information among countries.
Only a truly global cooperative effort can fix a broken system and end the destructive race to the bottom on taxes once and for all.
Three highlight the tax avalanche that awaits: More than 600,000 farmers will be asked to pay additional back taxes for 2014 and to pre-pay over 50% of next year’s estimated tax.
Some 700,000 small businesses (including low-wage workers who are forced to operate as private service providers) will have to pre-pay 100% (yes, you read that right) of next year’s taxes.
As of next year, every merchant will face a 26% turnover tax from the first euro they earn – while being required to pre-pay in 2016 a full 75% of their 2017 taxes.
In addition to these ludicrous tax hikes (which also include substantial increases in sales taxes), the Tsipras government has agreed to pension cutbacks and fire sales of public assets.
Given that immigrants usually enter countries that redistribute resources from above-average to below-average incomes, such benefits are likely even if immigrants work and pay taxes and social security contributions.
Excluding taxes and contributions paid and transfers and public goods received, the Ifo Institute reckons that the average immigrant to Germany receives a net 2,300 euros annually.
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