For states with low or no income tax, the ability for their residents to deduct sales tax instead is only a token benefit.
It was justified as a tax on the ability of stockholders to enjoy limited liability.
The bill gives the Scottish government new powers over income tax and the ability to borrow funds for capital investment for the first time.
Because of their low cost structure, tax efficiency and ability to access hard-to-reach areas of the market, investors have taken a strong liking to these vehicles.
Now that Congress can tax you for not doing something, what are the limits on that ability to tax?
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Combined with the Gewerbesteuer, a court-protected local trade tax, this has meant that politicians are limited in their ability to respond to tax competition without losing revenue.
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Because governments are limited in their ability to tax the mobile, they will tax the static.
ECONOMIST: Governments will need to find new ways of raising tax
Small businesses make up 75% of individual filers and higher individual tax rates diminish their ability to create jobs.
As long as municipalities have the ability to tax, they are able to ultimately make good on their liabilities to bondholders.
The judge batted those aside, saying nothing she did would change North Carolina tax policy or its ability to collect money from Amazon, assuming that is what the state had in mind.
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Due to their accessibility, instant diversification, transparency, low expenses, tax efficiency, and ability to be traded like individual stocks, ETFs are becoming an increasingly popular way to invest, especially with young investors.
By contrast, an investor who owns individual stocks in a taxable account doesn't have to pay capital gains tax until he actually sells the shares, giving him a greater ability to minimize his tax bill.
Guided by a radical theory know as Capital Export Neutrality, the OECD wants to impose global tax rules that would prevent taxpayers from ever having the ability to benefit from better tax law in other jurisdictions.
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At the same time, other legislation approved by Congress commits the government to spending and limits its ability to raise tax revenue.
Cuomo wants to offer start-up companies associated with higher education programs the ability to operate tax free for 10 years if they create new jobs.
They want the tax deduction today and the ability to direct the donations now, or to let the asset grow and direct them to their charities in the future.
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The key therefore is the ability to implement tax policies based upon the unbiased analytical review of economic data in order to determine which programs will work, and which ones will not.
Baroness Randerson said the assembly was one of the few public bodies in the world that could set its own laws and spending agenda, but at the same time did not have the ability to raise tax revenue.
During a nearly two-hour hearing Tuesday, Blum's knowledge of offshore tax evasion captivated members of the Senate Finance Committee, and they in turn grew increasingly annoyed with the Internal Revenue Service's ability to enforce tax compliance in offshore havens.
Meanwhile a Tory Chancellor, George Osborne, is convinced that those on the highest incomes are not making a proper contribution to the reduction of the government's excessive deficit - and so he wants to limit their ability to avoid tax, including through his controversial plan to limit how much they can cut their tax bill by making big contributions to charity.
Previously, stores were only required to collect sales tax on goods shipped to states where they have a physical presence, however now state governments would obtain the ability to collect an Internet sales tax from businesses headquartered outside of their respective state borders.
Raising tax rates will slow down our ability to create the jobs that everyone says they want.
These include lower business rates, the ability to reclaim income tax on donations and exemption from capital-gains and inheritance taxes.
Moreover, Olson says the chronic uncertainty deprives taxpayers of the ability to do legitimate tax planning--even to know how much tax to have withheld each year.
The cuts would delay IRS responses to taxpayer letters and force the agency to complete fewer tax return reviews, reducing its ability to detect and prevent fraud.
The most powerful Republican lawmaker told a press briefing that "raising tax rates will slow down our ability to create the jobs that everyone says they want".
PWC, which has consented to work with the IRS to ensure ongoing compliance, said it reached the agreement after considering the cost and disruption of a protracted dispute with the IRS. "This agreement has no impact on our clients' ability to sustain the tax benefits of the tax advice we provided, " the firm said.
It depends on the type of tax , the initial level of the rate before the change, the ability of the payer to influence the timing of realization of the tax and so on.
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In the case of the home buyer tax credit and the business tax provision, Senate Democrats want to delay until 2018 the ability of U.S.-based companies with operations abroad to take advantage of foreign tax credits.
He has repeatedly noted the marathon's ability to bring business and tax revenue to the city .
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