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

Tax revenues fell as old taxes lapsed and the government failed to implement new tax alternatives.

Under the FairTax, the federal government would be able to concentrate tax enforcement efforts on a single tax.

The Laffer curve embodies a tenet of supply side economics that government tax revenues from a specific tax are the same (nil) at 100 tax rates as at 0 tax rates respectively.

These features are rightly called tax expenditures, because they describe the government spending that occurs through the tax code.

Booming tax receipts have provided the government with a fiscal surplus.

Tax revenues declined because republic and local governments withheld tax revenues from the central government under the growing spirit of regional autonomy.

For a given size of government, the method of raising tax revenue matters.

Japan s government has a huge debt burden, and its consumption tax rate is far lower than the value added tax rates that prevail in Europe.

In view of these developments, Governments have become more concerned about tax evasion in the international context and the resulting loss of government tax revenues.

Eliminating or reducing these tax expenditures should therefore be seen as cutting government spending.

It would be far preferable to balance tax increases with some reversal of runaway government spending.

Suppose that the government gives a tax cut in order to increase consumers take home pay.

Opponents of tax increases should see that, because such revenue raising is really cutting government spending, it does not imply the adverse incentive effects of raising marginal tax rates.

While the government is not giving me money, these special targeted tax breaks are no less government spending than they would be if the government sent me a check.

The third change is a tax on the financial sector, in the form of a Financial Activities Tax on profits and remuneration at big banks that enjoy implicit government guarantees.

Moreover, the government budget is balanced every year, since the coal tax pays for the solar subsidy.

After averting its eyes since coming to power, Japan s new government has finally started discussing tax hikes.

Consider the belief that the more the government borrows, the higher the future tax burden will be.

Tax reform is the process of changing the way taxes are collected or managed by the government.

The tax rate that achieves optimum, or highest government revenues is somewhere in between these two values.

A 7 per cent government value added tax (VAT) is applied to goods and services in Thailand.

That is why the energy tax must be imposed as a tax substitution, with income or payroll taxes simultaneously reduced to keep real resource transfers to government at a constant level.

In standard analyses, the tax cut brings a reduction in government purchases of goods and services, like defense.

India's government debt exceeds 70 of GDP, so more than half its tax receipts go to paying interest.

While tax cuts enhance long term productivity, expanding the government sector is hardly a recipe for economic vitality.

Meanwhile, the central government had lost control of the localities, bureaucracy, and economic fiefdoms tax revenues had collapsed.

The answer is unequivocally yes, but only if they focus on government spending rather than reforming their tax systems.

California s government collects about one half of its income tax revenue from the top 1 of the state s taxpayers.

All of this is bound to happen eventually if a government does not tax sufficiently to cover its spending.

This can be accomplished through tax increases, government spending cuts, faster economic growth, or some combination of these components.

The government must avoid relying too much on proposals for tax increases, which ultimately feed back on growth and sustainability.

Moreover, the increasingly activist government has left businesses uneasy about future regulatory and tax measures, and thus reluctant to invest.

Indeed, this financial repression tax on domestic savers remains a huge opaque source of funding for India s debt ridden government.

As more people work and earn more money, tax liabilities rise and eligibility for government benefits like unemployment insurance falls.

The Government of Canada contributes to the NCB initiative through a supplement to its Canada Child Tax Benefit (CCTB) system.

The government funded World War II partly with war bonds, but it also instituted the first general income tax in American history, increasing tax revenue from 8.7 billion in 1941 to 45 billion in 1945.

He rejected what he described as the European style of very large government and high tax rates and the American style of lower tax rates but large fiscal deficits, in favor of low budget deficits and a tax system that would promote opportunities for individuals and private enterprises.

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

The Direction Générale des Impôts (DGI), the tax authority, has continued to try to widen the scope of the tax collection base through various schemes in Government controlled areas in an effort to increase State revenues.

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

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.

Japan s new government, led by Prime Minister Naoto Kan, started discussing a consumption tax hike to offset the growth in spending.

With a lower capital stock, output would trend downward, reducing government revenues and substantially offsetting the direct gain from the tax.

The key will be to focus on the many special features of the tax code that are equivalent to government spending.