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A study by the OECD suggests that taxes on immovable property are the most growth-friendly of all major taxes.
"We've looked at all our major taxes and they are all continuing to slide," State Comptroller Nancy Wyman said recently.
The study includes only the four major taxes: income taxes; property taxes; sales taxes; and auto taxes, like gas taxes and registration fees.
Onstad: I pay almost all the major taxes, and I'm also part of a local program in my town where we pay experimental taxes to see if we get mad.
Mr. McCormac said the current fiscal year should bring an end to a two-year decline in receipts from the three major taxes -- personal income, corporate income and sales tax -- that together account for two-thirds of state revenue.
Core funding would still come from the Treasury in London while state pensions, or major taxes such as corporation or inheritance tax, would remain under the control of a federal parliament.
Similar(48)
It would require a major tax increase.
The passage of a major tax cut.
There was a vague hint of a major tax reform.
"But as gifts become major, tax implications start to matter".
One test: major tax legislation could be introduced early.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com