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It shifts the base of taxation to consumption from income through a "destination-based cash flow tax". In effect, it is a form of value-added tax (VAT).
Eventually, the property's gross output (e.g., annual income) came to serve as the base of taxation.
Simply scrapping these distortions in other words, broadening the base of taxation without any new taxes could bring in some $1 trillion a year.
And so what we're saying is deny those loopholes and deductions to higher- income taxpayers so that more of their income is taxed, which has a broader base of taxation -- VICE PRESIDENT BIDEN: Can I translate?
The state could no longer obtain sufficient resources because heavy impositions had destroyed the economic base of taxation.
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He seems unconcerned about his promise of several large publicly funded programs, all based on taxation of corporate profits and the income of the super wealthy.
31 In addition to income that study also comprised data on household wealth based on taxation value of the household property.
Figure 1 shows the total estimated volume of alcohol sold (litres) in the UK based on taxation data (Sheen, 2011) and in GB based on retail sales data.
Sweden and Finland favoured compensation based on a reduction of taxation on incomes or companies.
Sources close to the club say that, over a three-year period, they will pay £163.9m more in wages than an equivalent club based in Germany because of taxation.
Based on a level of taxation of €100 per tonne and the economic conditions which pertained in 2004, the hypotheses used in the simulation are too far removed from the current economic situation.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com