Taxes
in sentence
2462 examples of Taxes in a sentence
This would give it a competitive tax advantage, so long as other countries do not follow suit and eliminate their own corporate-income
taxes
on export production.
Legally, it might contravene World Trade Organization rules that permit border adjustments for value-added taxes, but not for income
taxes.
The US has no VAT and only limited sales taxes, so it instead relies mostly on personal and corporate income
taxes.
If the US were to raise
taxes
on domestic consumption, it would collect more revenue from imports, which would allow the government to cut income
taxes
stemming from US firms’ domestic and foreign sales.
From an economic standpoint, therefore, a better way to “rebalance” the tax system would be to reduce the rate of corporate-income tax, and simultaneously introduce or increase sales
taxes
on imported and domestically produced goods and services.
Clever government officials of goodwill, he thought, could design economic institutions that would be superior to the market -- or could at least tweak the market with taxes, subsidies, and regulations to produce superior outcomes.
It
taxes
liquidity, which many believe is overly abundant.
Overall, there is not much to be said against the tax (other than what is said against all taxes), and something to be said for it.
And, lest we forget, Middle Israel is earning the money and paying the
taxes
that support a wide assortment of traditionalists, fundamentalists, chauvinists, and other extremists – Jewish and Muslim – from Gaza to Jerusalem to the West Bank.
If the presidential promise to reduce the fiscal deficit was really a commitment to cut spending and raise taxes, we could see today’s dangerous deficit trajectory be reversed.
Add to this the pledge not to raise
taxes
on anyone earning less than $250,000 and you have a recipe for large fiscal deficits as long as this president can serve.
It artificially props up consumption growth and allows the government to defer hard choices between
taxes
and military expenditures.
Moreover, too many have made prior commitments – for example, promising never to increase
taxes
– that they find hard to break, especially ahead of elections that both sides deem to be of defining significance for the country’s future, reflected in the candidates’ campaigns, which are getting nastier by the day.
A pro-saving US policy agenda should draw on the following: longer-term fiscal consolidation, expanded IRAs (individual retirement accounts) and 401Ks, consumption-based tax reform (such as value-added or sales taxes), and interest-rate normalization.
And, though state revenues have fallen with recession, forcing a few countries to hike value-added taxes, none has increased income taxes, and none of the seven countries that had in place a flat-rate income tax has abandoned it.
Hollande’s main new promise – not to impose any new taxes, beginning next year – might have been an implicit acknowledgement of this.
In the meantime, however, there will be an increase in diesel excise duties, and a 20% surcharge on property
taxes
will be imposed on unoccupied second homes in densely populated areas.
Bountiful resources such as oil are a bane for democracy in developing countries, because when a government gets the revenues it needs by selling oil, it doesn’t need to collect
taxes.
He then pointed out that a GST is critical to enabling India, like the United States, to reap the benefits of its continent-size domestic market, as it would replace the “stifling hodgepodge of local taxes” that amount to “internal tariffs on the movement of goods.”
Indeed, India has a bewildering array of subnational
taxes.
For example,
taxes
on commerce among India’s states require checkpoints at their borders, with long queues of trucks awaiting clearance.
Sales
taxes
vary, and are augmented by “octroi”
taxes
on cross-border shipments of goods destined for local consumption.
Making matters worse, India’s multiple
taxes
and tax authorities create more opportunities for corruption and tax-avoidance.
If states were levying individual
taxes
on top of the GST, the national market would again be divided and distorted, with checkpoints returning on state frontiers to assess the value of the goods on their way out.
Moreover, the BJP government has increased so many other
taxes
(which it simply should have eliminated) that the National Institute of Public Finance and Policy estimates that the GST would have to amount to as much as 27% to prevent revenue loss.
Israel and the US led a virtual blockade on Palestine, with Israel refusing to return collected
taxes
and the US pressing world banks not to recognize the signature of the Palestinian finance minister.
In inflationary periods, high outstanding government liabilities impair fiscal policy, because higher
taxes
are needed to finance the same level of real government spending.
That means that solutions to the many problems they now face will require adjustment to the way each of them
taxes
and spends.
Given internal conflict over
taxes
and spending, maybe Germany, not Greece, will become the euro zone’s first country to see a government fall.
For example, economists generally agree that agricultural subsidies are inefficient and that the benefits to European farmers come at large costs to everyone else in Europe, in the form of high prices, high taxes, or both.
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