Taxes
in sentence
2462 examples of Taxes in a sentence
The US state of California, which has become increasingly dysfunctional since a 1978 popular referendum capped property taxes, can attest to that.
These should include looser fiscal constraints; more investment; an end to beggar-thy-neighbor wage cuts; and lower
taxes
on labor.
Doing Business – the brainchild of, among others, my Harvard colleague Andrei Shleifer and Simeon Djankov, a World Bank staffer who later became Bulgaria’s finance minister – measures such indicators as the time and cost required to register a business, pay taxes, trade across borders, obtain a loan, get a construction license, or enforce a contract.
He would sharply reduce income
taxes
on corporations and wealthy individuals.
Sooner or later, new
taxes
will have to be levied to cope with the refugee crisis.
While it will take a long time to complete the process of levying new taxes, bondholders will want to be assured that their bonds will be serviced and repaid.
With the economy in free fall and uncertainty pervasive, many households and firms simply stop paying
taxes.
The recently leaked Panama Papers exposed the use of offshore bank accounts and shell companies to conceal wealth and avoid
taxes
by everyone from the prime minister of Iceland to the father of former British Prime Minister David Cameron.
To support the increase, Brazil’s government increased
taxes
on consumption and promoted progress toward labor-market formalization.
Some blame appalling infrastructure and high road
taxes.
Right now, consumer goods account for only 2.3% of China’s imports, as they are subject to relatively high tariffs and value-added or sales
taxes
at customs, where procedures are complicated and slow.
Governments should levy gradually rising carbon taxes, using the revenues to finance low-carbon energy systems.
And an EU-level social-welfare state funded through
taxes
on corporate or personal income would require large transfers among countries, exacerbating already-high tensions among EU member states.
But Pikettism does not require income taxes, so much as wealth
taxes.
Empty houses and uncultivated fields – a common feature of southern Europe – represent a relatively secure investment that does not cost much, owing to low property
taxes.
That is why property and wealth
taxes
are likely to become the foundation of a new political alignment in Europe.
If rich countries introduce domestic carbon
taxes
or auction emissions permits based on this price level, they could potentially provide $30 billion a year for developing countries by using just 10% of the revenues.
With corporations sitting on cash, governments trying to rein in deficits by cutting expenditure and raising taxes, and households spending less on residential construction, demand is weak and uncertainty is high.
Some must pay excessive taxes, while others operate out of tax havens.
At their beginning, when governments introduce a traditional social security system they gain quite a few decades to collect
taxes
before the first sizeable payouts to retirees show up.
Those born now will live in a richer economy, but they will get less of it because they will be paying through their nose to look after the large group of retirees who will vote the
taxes.
Meanwhile, immigrants typically pay more in
taxes
than they receive in benefits.
Finally, Fan resurfaced earlier this month, issuing a groveling apology for having evaded taxes, for which she will now face massive fines.
Inequality insurance would require governments to establish very long-term plans to make income-tax rates automatically higher for high-income people in the future if inequality worsens significantly, with no change in
taxes
otherwise.
To be truly effective, increases in wealth
taxes
– which fall more on highly mobile retired or other affluent people – would have to include a global component; otherwise, the rich would simply emigrate to whichever country has the lowest tax rates.
And the unpopularity of wealth
taxes
has impeded global cooperation.
Increasing wealth
taxes
now, as Piketty proposes, would strike many people as unfair, because it would amount to imposing a retroactive levy on the work carried out to accumulate that wealth in the past – a change to the rules of the game, and its outcome, after the game is over.
And, if there are to be wealth taxes, instituting them now to take effect only in the future – and only if inequality becomes much worse – would preempt the perception that the rules had been changed after the game had ended.
The advantage of income-tax increases is that they could be based not just on current income, but on some average of income over the course of years, and could allow deductions for investments, thus sharing some features with wealth
taxes
without penalizing those who saved more to accumulate more wealth.
Europe has high public debts,
taxes
near 50% of national product, and years of high unemployment and mediocre growth.
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