Their plan would scrap most deductions or offer 12.5% non-refundable tax credits for big items like mortgage interest and charitable deductions while lowering rates, expanding brackets and expanding the base of tax revenue.
Instead, it is the single most important budgetary variable because it affects the size of the tax base and the amount of government spending linked to the level of employment.
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The definition of the tax base (what government taxes and what it exempts from taxation), especially with respect to taxation of capital, also matters greatly.
Alarmed by Japan's rapidly mounting debts, the ministry wants any reduction in the corporate tax rate to be balanced by a broadening of the tax base.
Higher taxes stifle growth, cause more unemployment and continue to decrease the strength of the tax base.
Among the conference's other significant insights: the tax base of an independent Scotland, or other small countries open to cross-border migration of income and assets, may have to focus ever more on items that can't be moved, such as buildings and land.
Further pain, including a broadening of the tax base and the introduction of water charges, may be on the way.
States that are cashed strapped because of the 2008 implosion of their tax base will have an even harder time, short term, if the government shuts down.
By looking at changes in the rate, base and structure of the tax since it was introduced in 1916, the two economists tried to gauge whether these changes have affected the size of reported taxable estates.
The other is a widening of the tax base after some much-derided one-off measures by the previous government.
Although it is half of the city's area, it accounts for only 16% of the tax base.
The result has been a narrowing of the tax base.
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Like the Fed Mr. King believes that it is not only transitory in that it is largely related to rising energy costs, but also lays the blame for much of the higher base in government tax increases.
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The claim there was that transferring 1% of the tax base to Holyrood would drive up the growth rate by 1.3% per year for five years.
There are more than 7, 000 sales tax jurisdictions in the U.S. The SSUTA is meant to reconcile state sales-and-use tax rules and bring uniformity to the definition of items in the sales-tax base.
President Obama's own deficit reduction commission, on which I served -- the Simpson-Bowles commission -- followed this template of lowering tax rates and broadening the base by getting rid of spending in the code.
How can the U.S. stop this erosion of the corporate tax base while keeping U.S.-based firms competitive in international markets?
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Against that, Unionist politicians pose two arguments: that oil revenues are volatile and that the broader tax base of the UK permits greater resilience against short-term shocks such as sharp increases in unemployment and, therefore, benefits.
Ms. Olson explains that, not only is the Internal Revenue Code more complicated than ever, but the IRS must serve an increasingly diverse taxpayer base, respond to the explosion of tax-related identity theft, and administer spending programs that require the IRS to distinguish between valid and fraudulent refund claims.
Take the latest German-French missive, on December 7th: it speaks of euro-zone action on financial regulation, labour markets, a financial-transactions tax and the harmonisation of the corporate-tax base.
As businesses in west and central Texas go bust and families leave the area in search of jobs elsewhere, the shrinking tax base has devastated local schools, hospitals and government offices.
Total occupancy cost is the sum of base rent, property tax and other operating expenses that prospective tenants would have to pay annually per square foot.
With no guarantee, and no real way to measure how much of the tax base will come back in the near term, the bonds would not be likely to get insurance, a required element for many institutional buyers.
But those were lost in a flurry of foreclosures beginning in the mid-2000s and a loss of 70 percent of the city's tax base.
As a result, tax compliance costs have risen, the tax base has narrowed, and higher tax rates are required to collect the same amount of tax revenue.
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To maintain current levels of tax revenue, Romney would broaden the tax base by negotiating reductions in tax preferences, thereby simplifying the tax code.
The Islamic finance industry faces a number of challenges, including the need to standardize interpretation of Shariah law, harmonize tax and regulation of the industry, and develop the skills base.
Broaden the tax base, drop the tax rates, simplify the tax code and collect the same amount of revenues.
During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant long-run deficit could be addressed by busting the wage-base cap and imposing the payroll tax on a larger amount of income.
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