Growing the local economy has been one of the main priorities for the authority, with the council aiming to create over 5, 000 new local jobs through the Tax Incremental Finance initiative.
Infrastructure Secretary Alex Neil confirmed to the chamber that there was no chance of the city receiving Tax Incremental Financing (TIF) funding for any scheme that did not involve the transformation of Union Terrace Gardens.
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The Scottish government earlier said it would approve plans by Aberdeen City Council to use the tax incremental financing scheme, to raise tens of millions of pounds, if public support for the project could be demonstrated.
The real question is whether or not the this incremental tax will crimp consumer spending, which would be bad to small business as well as brick-and-mortar and online retailers alike.
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We strongly believe that the U.S should adopt a territorial tax system which exempts foreign subsidiary earnings from incremental U.S. tax, thereby encouraging repatriation of foreign earnings to the U.S. without a double taxation penalty.
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Economists say there is no overnight fix, and the only way to solve Greece's tax problems is through incremental measures.
The CBO has concluded that the type of incremental payroll tax that the President has proposed has pretty high bang for the buck, compared to other things that could be done to strengthen the economy.
And the mayor will restart annual incremental wage and business tax cuts in July 2013.
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For most customers, the tax benefit will pay back the incremental 0.2% cost several times over.
The UUP's Leslie Cree argued for an incremental lowering of corporation tax in order to give the economy time to balance out.
What everyone hopes is that this gap can and will be met through economic growth-generated incremental income and other tax revenues (while some also secretly are counting on inflation).
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First, though lower income taxes are generally economically better than higher, no recession ever was kicked off primarily by an incremental change in marginal income tax rates.
If Russians with even modest earnings complied with the law, the tax collector took well over half of their incremental income.
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Low tax rates make it easier to get to the point of diminishing marginal utility from extra work and incremental investment risk.
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The U.K. Treasury has argued that athletes earn their sponsorship money through public appearances, but the system is significantly harsher than other jurisdictions around the world, where tax on foreign athletes is based on the number of days spent in country, or on the incremental income earned.
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