Tax revenue

Head of Tax Treaty Negotiations, Inland Revenue.

Freeport also supplies over half the revenue tax for Jakarta.

The annual ordinary revenue from fishing licence fees was 21.5 million, which represents over 50 per cent of the total annual ordinary revenue of the Territory.

Meanwhile, in May 2004 the Governor submitted a 565.5 million budget proposal for 2005, 25 million less than he had proposed for fiscal year 2004, which included three new taxes (a 3 hotel room tax, a 3 annual cellphone user tax and a 50 annual vehicle fee) to generate an additional annual revenue of 9 million.

So the key to raising revenue is to reduce tax expenditures, use some of the resulting revenue to reduce tax rates, and devote the rest to reducing future deficits. 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.

It reduces tax revenue and thus the resources available for public services .

Major revenue areas import duties, accommodation tax and embarkation tax grew by 16.5, 65.1 and 15.2 per cent, respectively.10

The tax reduction should balance the financial revenue and the affordability of industrial development.

In Europe s highly taxed economies, better tax compliance or selective revenue measures can produce only a small amount of additional tax revenue without undermining growth. Spending cuts are the only way to improve the budget position significantly.

According to WTO, in the mid 1990s, tariff revenue accounted for over 30 per cent of general tax revenue in more than 25 developing countries.

Of course, Japan s fiscal problems have been mounting for decades. Annual tax revenue has fallen 30 since the country s property bubble burst in 1989, owing to slow growth and deflation, with tax cuts implemented as stimulus measures during the 1990 s recession playing a subsidiary role.

Chief Budget Analyst and Head of Tax Policy Revenue Unit, Ministry of Finance and National Planning.

Lastly, developing country jurisdictions that currently relied upon bank secrecy and tax free treatment for revenue should be assisted in their transitions to other revenue producing activities.

(a) As tariff barriers decline, it is important to find other revenue sources in place of falling trade tax revenue since, in several African countries, such revenue remains a significant part of total revenue. During the transition to non trade sources of revenue, aid flows, aimed at replacing revenue shortfalls from trade liberalization, could be very useful

And, while raising so much revenue with so low a tax rate sounds grand, the declining volume of trades would shrink the tax base precipitously. As a result, the ultimate revenue gains are likely to prove disappointing, as Sweden discovered when it attempted to tax financial transactions two decades ago.

It's not pulling in as much tax revenue as it once was, but it's serving its community.

The Treasury Office underwent drastic improvements in revenue collections, especially at the Customs Office and Tax Division.

28. There will also be a delay in tax revenue recovery owing to changes in product composition.

On the revenue side, reform should rescind all links between national treasuries and the EU budget, so that the cost of Europe is made directly visible to the Union s citizens. National tax systems should dedicate to Europe the revenue from one particular tax.

Total business receipts (subject to gross revenue tax) rose by 7.8 per cent in 1996 to 5,612.9 million.

The total annual revenue accruing to the illicit drug industry is estimated at around 400 billion.

Previous positions include First Secretary, British Embassy in the United States of America head, Direct Tax Branch, Tax Policy Team, Her Majesty's Treasury and policy Adviser, Inland Revenue.

In many countries, tax reform has already significantly increased the share of direct taxes in overall revenue. Raising tax rates for the wealthiest citizens in developing a more progressive income tax framework would bolster this progress.

It can thus be said that fragmentation is deemed a danger for tax revenue and should be carefully considered.

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

Half of tax revenue is collected with a value added tax, which is essentially a tax on consumption. Although there is a tax on corporate income, it is integrated with personal taxes in a way that reduces its adverse effect on investment and production.

Although non tax revenue may contribute significantly to some countries total GDP, the average tax GDP ratios in low income and lower middle income countries are roughly 15 and 19 , respectively significantly lower than the OECD average of more than 35 . To finance development projects, poor and lower middle income countries must devise and implement tax strategies to increase domestic revenue.

While this may enhance the overall profitability of a firm, it may also imply reduced tax revenue for the home economy.

In addition, the national savings rate increased despite the dissaving in the public sector created by the decrease in tax revenue.

The social insurance subsystem is funded primarily by payments and contributions (11 and 16 per cent, respectively) and by tax revenue.

Perhaps the most promising reform is corporate tax reduction, which will help Japan boost both foreign and domestic investment. By spurring increased business activity, it will actually increase Japan s corporate tax revenue.

The Auditor General should also conduct an audit of the annual accounts of major revenue generating parastatals every year.

Examples of individual and group administrations benefiting from tax revenue generated from public assets and private business are shown in annex IV.

For the first time since Dayton, new revenue distribution arrangements (customs revenues and most excise and sales tax revenues) have been launched.

Tax revenue can be raised without increasing marginal tax rates by limiting the tax subsidies that are built into the current tax code. Those subsidies are a hidden form of government spending on everything from home mortgages and health insurance to the purchase of hybrid cars and residential solar panels.

For example, we can choose how much to collect via a general income tax, a payroll tax, a consumption tax (such as a sales or value added tax), and so on. We can also choose how much revenue to raise today, rather than in the future (by varying the fiscal deficit).

Previous positions include principal economist (tax policy), Ministry of Finance and National Planning and senior revenue analyst, Ministry of Finance and National Planning.

For these reasons, Obama is championing a revenue neutral reform that would leave corporate tax revenues unchanged, with the proposed rate cut financed by limiting deductions, credits, and loopholes, which would broaden the tax base.

Indeed, the International Monetary Fund recently reported that developing countries lose three times more of their corporate tax revenue to BEPS activities than their developed counterparts. According to the United Nations Conference on Trade and Development, such activities by multinationals which represent one third of the potential corporate tax base in developing countries result in annual losses of 100 billion.

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. Most countries that reduced their corporate tax rates have followed this path, while the US has done the opposite.

Annual revenue was expected to reach 300 million 500 million by 2001 and to keep growing as more services were added.

Options include international debt financing, domestic tax revenue and user fees, borrowing in domestic capital markets, and public private partnerships for water related investments.

Between 2003 and 2005, an ambitious and innovative tax reform had been carried out, which had led to a significant increase in government revenue.

Either the FlCA tax goes up, so based on the number of people working here you get more revenue per person right over here.