Taxes
in sentence
2462 examples of Taxes in a sentence
Growing inequality would not be such a problem if governments could simply raise
taxes
on the rich and strengthen subsidies to the poor.
Unfortunately, any country that
taxes
capital too aggressively will only succeed in chasing it to regions where the tax burden is lighter.
How quickly fiscal retrenchment should be launched – and the right balance between higher
taxes
and lower spending – will vary by country, reflecting factors like the strength of the economic recovery, the market’s appetite for debt, and initial spending and revenue ratios.
It also promises to cut income taxes, put the country’s Social Security system on firmer footing and reduce costs of shedding labor.
In addition to reducing its corporate tax rate, the US needs to reform the way it
taxes
its MNCs’ foreign earnings.
The US, by contrast,
taxes
its MNCs’ worldwide income, with
taxes
paid elsewhere credited against their US tax liability to avoid double taxation.
These earnings are “locked out” and unavailable to finance investment and job creation in the US, without incurring significant additional US
taxes.
More important, those immigrants can send more money home in remittances than they would have been able to contribute in
taxes
had they remained.
They might tell pollsters they were prepared to pay higher
taxes
for better public services and a more compassionate attitude to the poor.
He abandoned even the social democratic commitment to redistribution of income through
taxes
and public spending.
According to the polls, voters were not moved by questions about personal prosperity and
taxes.
Global redistribution through
taxes
that would be levied by an international body may seem far-fetched today, but the logic of development that we are witnessing – particularly the move away from nation-states as the locus of sovereignty – suggests that it may eventually come to pass.
The risks are asymmetric: if these forecasts are wrong, and there is a more robust recovery, then, of course, expenditures can be cut back and/or
taxes
increased.
As the global economy returns to growth, governments should, of course, have plans on the drawing board to raise
taxes
and cut expenditures.
Principles like “it is better to tax bad things than good things” might suggest imposing environmental
taxes.
America’s financial industry polluted the world with toxic mortgages, and, in line with the well established “polluter pays” principle,
taxes
should be imposed on it.
Besides, well-designed
taxes
on the financial sector might help alleviate problems caused by excessive leverage and banks that are too big to fail.
Taxes
on speculative activity might encourage banks to focus greater attention on performing their key societal role of providing credit.
This year, we implemented a reduction of social-welfare
taxes
that will amount to around one percentage point of GDP when phased in fully by 2016.
Our task is to demonstrate our ability to reform government, offer high-quality public services – for example, education and health care – for all at a reasonable cost, and control public spending in order to restore our ability to reduce
taxes
without impeding debt reduction.
On top of all this, rapidly growing public debt implies that new entrants to the labor market will sooner or later face a mountain of
taxes.
Instead, they were designed to circumvent accounting standards and to evade and avoid
taxes
that are required to finance the public investments in infrastructure and technology – like the Internet – that underlie real growth, not the phantom growth promoted by the financial sector.
Second, encourage spending and promote equity and efficiency by raising
taxes
on corporations that don’t reinvest, for example, and lowering them on those that do, or by raising
taxes
on speculative capital gains (say, in real estate) and on carbon- and pollution-intensive energy, while cutting
taxes
for lower-income payers.
Puerto Ricans who are not US government employees do not pay federal income tax, and the island’s bonds are “triple tax-exempt” (free of federal, state, and local taxes).
Puerto Rico’s current troubles trace their origin to the gradual withdrawal, starting in 1996, of earlier exemptions from US corporate
taxes
for companies located on the island.
Given the ease with which Puerto Ricans move to the mainland, raising
taxes
is unlikely to increase revenues.
The United States currently
taxes
corporate profits at 35%.
These refunds are not a hidden subsidy, but a logical part of a destination-based tax system, whereby
taxes
are levied in the country where a good is consumed.
For example, exports from Europe to the US are taxed twice: first with a corporate-profit tax in the country of origin – say, Germany, where the corporate tax rate is around 29% – and again with varying sales
taxes
in the US.
If the US were to introduce a cash-flow tax system with border adjustment, it would exempt its own exports from all domestic
taxes.
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