This tax credit replaces the family benefits program, the non refundable tax credit for dependent children and the tax reduction for families.

New tax system

Effective January 1, 2003, the Income Tax Act was amended by the Ontario Legislature to end the Equity in Education Tax Credit.

Unlike the PWA program, the Work Premium is a tax credit and is accessible through filing of an annual income tax return.

In contrast, a retailer has paid no tax on goods under a sales tax system.

Most observers now agree that Germany needs something like the American earned income tax credit.

This is the strategy chosen by the United States with its earned income tax credit.

America s tax system has surprisingly little redistributional punch.

In Australia's tax system, personal and company income tax are the main sources of government revenue.

There is no income tax in Vanuatu but it has a value added tax system in place.

Japan created a credit line with tax privileges and an exemption from collateral fees for women entrepreneurs.

And curtailing accelerated depreciation, the manufacturing production deduction, and the R D tax credit which account for about 80 of corporate tax expenditures would involve significant tradeoffs.

India illustrates the importance of a well designed tax system.

A legal system that supports secured credit transactions is critical to reducing the perceived risks of credit transactions and promoting the availability of secured credit.

Others seek to simplify the tax system and make the system more understandable or more accountable.

Rogue Economist asks Brunei authorities to implement a credit rating system

The cap and trade system thus imposes a carbon tax without having to admit that it is really a tax.

The indirect tax system was substantially changed in July 2000 with the introduction of a 10 Goods and Services Tax (GST).

Some seek to make the tax system more progressive or less progressive.

We have designed the corporate tax credit to maximize its positive impact on the economy labor costs will fall immediately without depressing aggregate demand in 2013, because the spending cuts ( 10 billion) and household tax increases that will fund the credit will begin only in 2014.

The tax system should be reformed by increasing reliance on income progressive taxes, restructuring the property tax and introducing reasonably progressive taxes.

This differentiation was again the result of the application of a tax system that provided different tax brackets based on marital status.

A key problem with the credit card rollout is that the payment system is not yet in place. UnionPay, the market leader, is expensive for retailers to install, and many shops prefer cash to avoid tax.

Even Chile s tax system the most effective in Latin America is actually regressive.

These emission components are already reflected in the tax system for fossil fuels.

The credit crunch in the banking system is becoming more severe as banks deleverage by selling assets and rationing credit, exacerbating the downturn.

Discussions have also been held in connection with the changes in the federal Child Tax Credit law, which demanded that the tax return claims for dependent children be partially paid by the territorial Government.

Given how financially stretched US households are, a good part of this tax rebate may be used to pay down high credit card balances (or other unsecured consumer credit) or to postpone mortgage delinquency.

Credit easing and support of the banking system helped significantly by preventing much worse.

Promotion of private investment in research and technological development (IDE) through tax incentives to businesses that accept the challenge of participating in those activities (30 per cent tax credit on their annual expenditure on IDE).

Promotion of private investment in research and technological development (IDE) through tax incentives to businesses that accept the challenge of participating in those activities (30 per cent tax credit on their annual expenditure on IDE).

The reform of public finance included not only a new tax system but also a new health and social insurance system.

First, housing can be made more affordable for poor and middle income Americans by converting the mortgage deduction into a cashable tax credit.

This provision provided a limited tax credit for parents paying education costs for children attending secular or faith based independent schools in Ontario.

The Commission noted that not only the comparator but a majority of countries provided a credit through their tax systems to married taxpayers.

And this year, I ask Congress to go further, and make permanent our tuition tax credit worth 10,000 for four years of college.

Such governments need no contract with their citizens, no parliament, and no tax collection system.

During the period under review, a serious reform of the Territory's tax system was instituted.

Key aspects of the tax system would be changed to develop a more progressive structure.

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.

Additionally, figures in the table take into account the increase in the expenditures of the Defence Ministry resulting from the transformation of the national budget accounting system starting 1 January 1991 (for example, land tax, real estate tax, transport means tax and value added tax).

The representative of the Human Resources Network noted that the United Nations system did not operate with a tax system as such.

Work will be done with partners to promote the necessary institutional reforms (tax reforms, access to credit, improved communication systems, etc.) to facilitate entrepreneurship.

Institutional capacity was strengthened by the establishment of an independent tax and customs review board, a credit information centre and an insurance communication platform.

For a normal country, the national income tax system constitutes a huge automatic stabilizer across regions.