Moreover, any sudden rise in the tax burden results in deadweight losses.

Tax revenue can be raised without increasing marginal tax rates by limiting the tax subsidies that are built into the current tax code.

Instead of cutting proven tax incentives for business investment, the US should offset at least some of the revenue losses from a lower corporate tax rate by raising tax rates on corporate shareholders.

These revenue losses could be offset by curtailing so called corporate tax expenditures deductions, credits, and other special tax provisions that subsidize some economic activities while penalizing others and broadening the corporate tax base.

These enumerations do not cover all the destruction caused, let alone the losses in current income.

His budget would also increase taxes on corporations, and would end the current payroll tax holiday, imposing an additional 2 tax on all wage earners.

12. The principal forms of taxation are income tax, land tax and withholding tax, which is payable by non residents on incomes accruing in or deriving from the Territory, at a current rate of 25 per cent.

More important, current tax policies that reinforce women s over representation in temporary contract work should be changed.

First, the new bonds could be structured so that haircuts incurred by the banks count as tax losses, reducing the hit to their profits.

Losses

The need was felt to analyse the current United Nations Model Tax Convention and propose any amendments deemed opportune.

For current day Greece, the imposition of voluntary losses on the country s private creditors represents just the end of the beginning.

In addition to the increased transportation costs, current account losses reflect reductions in transportation receipts, transit fees, and revenues from communications.

Legislating phony sunset provisions for current tax cuts, as the US did during the George W. Bush years, does not.

The Ministry of Finance reports that only eight firms paid more than 5,000 in corporate tax between March 2004 and February 2005, and only four firms paid the current taxes due. None of the major petroleum and rice importers paid corporate tax for the current year.

They state that replacing the current tax system with a consumption tax would not change the tax revenue generated from the underground economy while illicit income is not taxed directly, spending of income from illicit activity results in business income and wages that are taxed.

Losses claimed

Carrier Losses

Fewer losses.

For participants in the first group, we reframed the information in terms of losses, and now they didn't like the current governor anymore.

Federally imposed tax cuts produced an estimated 57 million in revenue losses in 2003, which were partly offset by a 5 million payment from the United States Treasury Department.

Much of that decline reflects explicit tax relief measures voted by Congress, as well as the perception among corporations that in the current economic and political environment they can be more aggressive in tax avoidance.

(tax collector) Open up! (tax collector) Open up!

That was recognized not only by the United Nations common system, but also by the United States federal civil service (the current comparator) through its tax system, where higher tax rates were applied to single taxpayers.

D (other) losses

C8 Business losses

CS Other losses

In addition to the increased transportation costs, current account losses reflect reductions in transportation receipts, transit fees and revenues from communications. (ibid., para. 19).

5. The Turks and Caicos Islands levies no income tax, capital gains tax or sales tax.

All for One Tax and One Tax for All?

The only tax you've paid is whiskey tax. Ready?

A tax called a death tax is regarded very differently from a tax called an inheritance tax, even though the two are really identical.

So here is an idea that might work politically Let taxpayers keep all of the current tax expenditures, but limit the total amount by which each taxpayer can reduce his or her tax liability in this way.

Previous positions include Director, International Tax Relations, Tax Policy Department Director, Tax Department, Italian Banking Association and Economic Adviser to the Minister of Finance for international tax policy and financial tax issues.

13. All Governments adopted measures to improve tax receipts by reforming income tax, establishing or increasing value added tax and eliminating or reducing tax exemptions.

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits such advances shall be repaid as soon as credits are available in the Tax Equalization Fund

Tax revenue

Plus tax.

a Airstrip includes use tax, landing fee and passenger tax.

D7 (real property) losses

Month Gains Losses Total

(a) Losses of lives