Taxes
in sentence
2462 examples of Taxes in a sentence
True prudence requires that regulators avail themselves of a broader set of policy instruments, including quantitative ceilings, transaction taxes, restrictions on securitization, prohibitions, or other direct inhibitions on financial transactions – all of which are anathema to most financial market participants.
We restrict access to most drugs, impose heavy
taxes
and marketing constraints on tobacco, and control gun circulation and ownership.
Moreover, had the government not cut
taxes
and delayed much-needed increases in gasoline and electricity prices, average annual inflation would stand at 7.5% – a level not reached in decades.
But, first, it must reject the temptingly easy – but ultimately damaging – route of raising
taxes
and doubling down on redistributive policies.
Ireland, after all, is a tiny, highly open economy whose booming export sector is benefiting from existing strengths – including low business taxes, a skilled workforce, and a flexible economy – and favorable external conditions, especially the strong recovery in its main markets, the US and Britain.
In Africa, oil is usually extracted by foreign companies, so well designed
taxes
are needed to ensure that countries retain a fair share of the profits.
Kenya’s next challenge will be to invest the
taxes
in much-needed infrastructure projects, including roads, sanitation, hospitals, and schools.
When it comes to taxes, it is critical to safeguard the growth model’s political legitimacy by ensuring that the system is not skewed in favor of the wealthy.
To reverse this trend, Sweden needs radical reforms, with lower income
taxes
and opportunities for small companies to grow.
By distorting incentives through taxes, regulations, and a runaway welfare state, both countries discouraged growth in their most productive sectors.
However, the Swedish social democratic governments tried to preserve the competitiveness of large firms by financing the growth of the welfare state without corporate
taxes.
Instead, Sweden created a highly progressive tax system with the world's highest personal income
taxes
and the smallest dispersion in wage incomes net of
taxes.
Aside from high income taxes, it is clear that bias against small enterprises is one of the major weaknesses of Swedish policy.
As California’s experience with referenda has shown, the public will often vote for contradictory things – for example, lower
taxes
and more welfare programs, or environmental protection and cheaper gas.
Likewise, the impact of regulatory changes resulting from major legislation and policy directives in the United States, Europe, and the United Kingdom on banking, insurance, financial-transaction taxes, anti-money laundering, and cyber-space is likely to be substantial.
Each member country could of course reduce
taxes
and increase spending.
This need not mean outright default; a plan to repay principal and interest with low-interest securities rather than cash – or to withhold income tax on interest earned from government bonds, crediting those
taxes
against the obligations of American taxpayers – would achieve the same result.
A Scandinavian level of
taxes
would be bearable if public services did not remain inferior to those offered in Scandinavia.
Numerous studies show that government spending “multipliers,” even when large at the ZLB, shrink rapidly, then turn negative – and may even be negative during economic expansions and when households expect higher
taxes
beyond the ZLB period.
But in most economic areas – taxes, trade policy, financial stability, fiscal and monetary management – what makes sense from a global perspective also makes sense from a domestic perspective.
As a result, US companies are holding an estimated $2.6 trillion in foreign earnings abroad, rather than repatriating it and paying
taxes
that could be used to finance, say, domestic infrastructure investment.
Economically, border controls act just like taxes; they distort activity, by increasing transaction costs and reducing cross-border flows of goods and services.
Did
Taxes
Cause the Financial Crisis?
Financial firms in the United States pay about 34% of their profits in taxes, and, while they can deduct interest payments to creditors from taxable income, equity is not taxed as favorably.
The international auctioning of emissions allowances and allowances in domestic emissions-trading schemes, a carbon tax, revenues from international transport, a surcharge on electricity transmission, and financial transaction
taxes
could generate as much as $220 billion per year in additional revenues.
The Republic candidate, Donald Trump, favors the opposite policies: cutting
taxes
for the rich, keeping wages low, and rolling back health-care reforms.
This will surely involve sharp cuts in the consumption of fossil fuels, bolstered by
taxes
and other restrictions.
Recent studies by the IMF and others suggest that raising taxes, cutting subsidies, and reducing government spending – even inefficient spending – would stifle growth in the short term, exacerbating the underlying debt problem.
Both President George Bush Sr. and Bill Clinton had to raise
taxes
to clean up the Reagan-era mess.
The Swiss people vote their own taxes, have a high degree of control over how tax revenues are spent, and believe their tax system to be fair, transparent, and comprehensible.
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