Taxes
in sentence
2462 examples of Taxes in a sentence
Achieving these goals will require that countries pursue some combination of higher
taxes
and lower government transfers and spending.
Moreover, because more people are evading taxes, tax administrations are under increasing pressure to become more lenient or to accept bribes.
Records of the printed receipts are automatically transmitted to the tax authorities and are used to calculate
taxes.
Realization of the EU's so-called Lisbon strategy, adopted in 2000 with the promise of creating the world's most competitive economy, is threatened by a growing emphasis on static solidarity, reflected in high social welfare costs and the high
taxes
needed to finance them.
Rather than respond to globalization with more government spending on education, infrastructure, and technology, Ronald Reagan won the presidency in 1980 by pledging to slash government spending and cut
taxes.
After three years in which his administration coddled corporate lobbyists, he has finally begun to emphasize the need for the rich to pay more
taxes.
Denmark elected a center-left government committed to higher government spending financed by new
taxes
on the rich.
By using high
taxes
to finance a high level of government services, these countries have balanced high prosperity with social justice and environmental sustainability.
I don’t see any other, more pressing, reforms – such as raising income
taxes
to pay for national security – gaining any traction in the Bush regime.
The answer is that countries should seek to do both: Lower the price paid to oil producers and raise the price paid by oil consumers, by cutting subsidies for oil and refined products or raising
taxes
on them.
The obvious solution, which economists have long advocated, is an increase in America’s gasoline
taxes.
For starters, the money saved from a reduction in subsidies or an increase in
taxes
in the oil sector could be used either to reduce budget deficits or to fund desirable spending (such as US highway construction and maintenance).
Fuel
taxes
are a more efficient way to achieve these environmental goals than most of the alternatives.
If gas
taxes
are high and consumption is low, as in Europe, fluctuations in the world price of oil have a smaller effect domestically.
Indeed, some developing-country governments have faced civil unrest, even coups, over fuel
taxes
or subsidies.
Besides raising
taxes
on fuel consumption, the US should also stop some of its subsidies for oil production.
Governments that act now can reduce energy subsidies or increase
taxes
while sparing consumers an increase in the retail price from one year to the next.
Indeed, the upper 10% of income recipients pay more than 50% of aggregate income tax revenue, and the upper 20% pays about 80%, while 40% of income recipients pay no income
taxes
whatsoever.
Curtailing side-payments does not imply the ability to manage concession contracts or collect
taxes.
Peter Shelakhaev, a senior Russian official who leads the government’s Far East Investment and Export Agency, has indicated that there are legal hurdles to establishing such a framework, and that Japanese firms doing business on the Kurils would have to pay
taxes
to Russia.
Some propose replacing the current personal and corporate income
taxes
with a flat tax on consumption.
Developed countries should invest in affordable child care, early childhood education, and parental leave; shift from family to individual taxes; and provide more generous tax credits, benefits, and protections for low-wage and part-time workers.
As I argue in my new book The Frugal Superpower: America’s Global Leadership in a Cash-Strapped Era, the burden that these obligations will impose on Americans – in the form of higher
taxes
and fewer benefits – will weaken public support for the expansive international role that the United States has played since World War II.
Of course, a government can also close a budget gap by raising taxes, but any sudden shift can significantly magnify the distortions that
taxes
cause.
The drag on growth is more likely to come from the eventual need for the government to raise taxes, as well as from lower investment spending.
And the release of the Panama Papers has revealed how the wealthiest avoid paying
taxes.
In a country like Russia, half of whose budget revenues are derived from
taxes
on oil, setting up an oil fund is the equivalent of a commitment to balance the budget over the cycle.
Government
taxes
and spending are set to balance at the average oil price over a period of years.
Instead, the changes in
taxes
on imports and exports would lead to a rise in the value of the dollar that offsets the direct impact of the border tax changes.
The economy did not stagger under the weight of ample benefits or high
taxes.
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