So this is one report where ministers are led by the nose through the implications of their tax decisions on output and tax revenue.
The economic burden of the tax system, which measures the lost economic output from a tax system that penalizes productive behavior.
Reduced output produces lower tax revenues, and the government continues to look for new tax sources.
Other business lobby groups can make claims of the impact of tax on output.
But to boost output and income, a tax cut must be the right type -- one that cuts taxes "at the margin" on the additional income associated with additional output (supply).
If it had been an independent country over the past decade, with a geographical share of oil and gas revenues, the impact of the recent fall in North Sea output on Scotland's tax revenues and overall economic growth would have been more dramatic.
This is the measure of output (taken as operating profit after tax and some other adjustments) less input (taken as the annual rental charge on the total capital employed, both debt and equity).
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Both the government and the European Commission have acknowledged the risks of depending on increased tax revenue, which is more growth sensitive, to meet fiscal targets and contingency spending cuts amounting to 0.5 per cent of national output have prepared in case of another tax shortfall.
They point to ratios of capital to output, which are surprisingly stable over time despite tax swings.
For example, CBO found that output would be higher in 2020 if the Bush tax cuts were allowed to expire than if they were extended and led to higher deficits.
As was demonstrated in the 1970s, even small increases in marginal tax rates have a substantial negative impact on output.
This removes the standard cross-check on a firm's tax return by comparing purchases of inputs with claimed output.
Output has plunged in recent months, and so has government tax revenue (it fell 10.8% in real terms in the year to September), while companies have suffered from scarce credit.
Deregulation to permit more part-time work and short-term contracts, and tax changes to reduce labour costs, have all made output more job-intensive.
To fully access that entire GDP, the government would have to raise all tax brackets to 100% without producing any reduction in output or decrease in revenue.
If output went up, wages would rise, profits would increase, and tax revenues would be enhanced.
Though Cyprus only accounts for around 0.2 percent of the combined output of the 17 European Union countries that use the euro, the tax on depositors has stoked fears of bank runs in other troubled European economies.
Compared to the estate tax provisions in current law, and after all economic adjustments, repeal of the estate tax would increase GDP by about 2.25 percent, private sector output and labor income (hours worked times hourly wage) by about 2.34 percent, and capital stock by 6.1 percent.
Because they are, and because their private output is enormous, the federal government collects gargantuan sums on an annual basis thanks to its power to tax.
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The government, which has long played on its AAA rating as a sign of its economic might, has been pursuing a harsh program of spending cuts and tax increases to reduce the budget deficit, which at 7.4 percent of annual economic output is more than twice the EU's 3 percent limit.
That facility capitalized on its growth by taking advantage of an Advanced Energy Manufacturing Tax Credit in the recovery that we passed last year, which allowed it to add equipment, boost output, and hire new workers at that plant.
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