Income from value added tax, the government's biggest source of tax revenue representing about 36 per cent of the total, has been falling since 2008, despite a sharp increase in the rate -- the main rate is now 23 per cent.
And even a small drag on economic growth will be more detrimental than losing this tax as a source of federal revenue.
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That last point raises another free-lunch possibility: If we would lower the U.S. tax on foreign source earnings, much of them would flow back to the U.S. for investment here rather than abroad.
Given that his income came from a number of different sources he most certainly was not an employee in the tax meaning and thus was not subject to PAYE (tax deduction at source for those unaware of the UK acronyms).
The tax dodge using foreign-source income also favours companies that do business in high-tax countries: it is not obvious that the American government should support the treasuries of those countries (or, indeed, those of the handful of Caribbean islands where 95% of the sham firms are located).
The underground economy would then become a source of tax revenue.
Part of the problem, according to PPIC, is California's high dependency on personal and corporate income tax, a volatile source of revenue that fluctuates with the economy.
It ceased to be a tax-free haven for citizens of European Union countries in July, when a withholding tax (imposed at source on interest) was levied on their money.
In return, the Ohio Republican, who is his party's chief negotiator in the talks, wants spending cuts and reforms to entitlement programs as well as the tax system, the source said.
Banks would be required to report to the IRS any interest they pay to foreigners, but not so the US government can collect tax, but in order to let foreign governments tax this US-source income.
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Still, if you underreported income by large amounts, say, skimming off your cash business receipts, consider this: The IRS' criminal division has gone back to investigating tax cheats with legal source income, as opposed to just chasing white-collar swindlers and drug lords.
But others, including two of the most important, Maharashtra (home to Mumbai) and Delhi, are reluctant to follow for big airports: the tax is a valuable source of revenue out of which fuels used by the poor, such as kerosene and diesel, are subsidised.
As I noted in my piece on some New Hampshire lawyers who find themselves having to pay Maine income taxes, multi-state tax issues are a source of aggravation for ordinary regional businesses or even local businesses in areas like New England, where, unless you start in northern Maine and drive south, it is very hard to go an appreciable distance without crossing a state line.
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While the tax may be imposed on the business owners, in many cases the only source for payment of the tax would be to take funds from the business.
For good measure, the House bill also gets the ball rolling on tax increases on foreign-source corporate income.
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Trade tax, a corporate tax that is the biggest source of local revenue, is rebounding with the economy.
However, the MPs point out that the main source of lost tax involves smuggling on a much larger, industrial scale.
Growth in sales-tax revenue, a critical source of state income, has tumbled and will struggle as long as consumer spending does.
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"They are silent on what services they will be prepared to axe in order to pay for this tax cut, " a source said.
The principal objection to the act is that it will create uncertainty, but the current tax code is the true source of uncertainty.
Speaking for the Scottish Chambers of Commerce, Mr Clark said corporation tax on its own "produced volatile returns", but agreed the tax was a "potential source for benefit for businesses in the long term".
Given a strong gust of wind from an unexpected source, it will tax dozens of handlers to keep the colossus on track.
To my mind, the best argument supporting death tax repeal comes from an unusual source in the heart of the liberal U.S. northwest: T he Seattle Times.
But Apollo has two other strikes against it: It relies heavily on stock options to compensate employees, and it enjoyed a reduction in its tax rate in 2001, a source of earnings growth that is unlikely to last forever.
On balance, considering effects on the economy, the main source must be the consumption tax.
"The states consider themselves, in general, to be horribly besieged budgetarily and aren't talking about anything to reduce revenue from any source, " observes the Tax Foundation's William Ahern.
On the other hand, as firms have become more multinational, generating profits worldwide, the claim of any particular tax authority that its jurisdiction is the source of this profit becomes harder to sustain.
Foreign athletes and entertainers generally must pay U.S. income tax on their U.S.-source income.
Higher growth and higher employment are a far more potent source of increased revenue than higher tax rates.
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They generally must pay U.S. income tax on their U.S.-source income.
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