But it has already said it will vote against a budget that raises value-added taxes.
One reason is that European countries have value-added taxes, which are a disturbingly efficient way of generating more revenue.
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In other countries, value-added taxes are taken out of gross box-office receipts, before the money is divided between studios and theaters.
The same may even go for tax, where the government's main wish is to unify a patchwork of state value-added taxes.
It's simply a summation of a country's top rates on personal and corporate income, plus value-added taxes and wealth and social welfare taxes.
In tandem, governments should switch the burden of taxation from consumption to capital by reducing value-added taxes and increasing taxes on capital and wealth.
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Apple attributes most of the price differences to the European countries' value-added taxes, which, unlike U.S. sales tax, is baked into the price of goods.
The government is also weighing options for common European value-added taxes.
But much of that inflation is temporary, the consequence of higher oil prices and increases in value-added taxes that formed part of many countries' austerity plans.
The Europeans have won every battle with us at the WTO, even though they routinely rebate domestic value-added taxes to companies that export goods and services from their countries.
Wen said the government is focused on stabilizing the economy and will use fiscal policy such as value-added taxes, acceleration of interest rate reform and wider involvement of private investment in the economy rather than government spending increases.
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Under the law, cigarette packs with a net retail price of Phillipine peso11.50, excluding excise and value-added taxes, will have a P12 excise tax, while those with a net retail price tag of over P11.50 will be imposed with excise tax of P25.
French politicians, like their European counterparts, have stepped up efforts to go after Internet giants who they say collectively avoid paying hundreds of millions of euros in value-added and corporate taxes using loopholes in European Union laws and different tax regimes across the region.
The two governments profess that they are concerned only with corporate taxes and the value-added tax, that they'll leave personal and property taxes alone.
In replacing business taxes with a value-added tax, the government has eased the fiscal burden on small firms.
Despite increasing consumption taxes like VAT (value-added tax), the informal economy can still provide relief through various markets and bazaars.
The government has further plans, among them a tax reform replacing state sales taxes with a national value-added tax, and a second, more radical reform of pensions.
For example, harmonisation of India's cascading sales taxes by introducing a uniform national value-added tax has repeatedly been postponed.
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Instead, he predicts that Mr Bush, or his successor, will be forced to raise taxes, and even suggests that introducing a value-added-tax would be the best way to do it.
The government's efforts to raise taxes, notably an attempt to impose a 17% value-added tax in 1995, ended in riots.
While the White House is currently incorrigible on taxes--in fact, it is broaching the idea of a European-style value-added tax, which will substantially increase the price of everything--there is no reason that it can't reverse its course on the volatile dollar.
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