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Nonresidents are an enormous potential source of tax revenue.
A Greek parliamentary committee on Thursday recommended that former Finance Minister George Papaconstantinou be indicted on criminal charges over his handling of a list of more than 2,000 wealthy Greeks with Swiss bank accounts — a potential source of tax revenue that was never used by the authorities, fueling public anger in the debt-racked nation.
That inquiry has yet to yield any prosecutions, but last month, Greek lawmakers began an inquiry into George Papaconstantinou, a former Socialist finance minister, over his handling of a list of wealthy Greeks with Swiss bank accounts, a potential source of tax revenue that was never used by the authorities.
Lawmakers voted early Friday to investigate former Finance Minister George Papaconstantinou over his handling of a list of wealthy Greeks with Swiss bank accounts, a potential source of tax revenue that was never used by the authorities, stirring public outrage in the debt-racked country.
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States with tight budgets are increasingly looking at Amazon and other online retailers as potential sources of tax revenue.
State Senator Bill Finch, a Democrat whose district includes Trumbull and Bridgeport, called the bill an example of "socking the middle class again," because it eliminates potential sources of tax revenue for the urban areas that disproportionately are home to the nonprofits.
One potential source of increasing tax revenue is the proposed removal of tax deductibility of medical scheme contributions, the value of which was estimated to be almost US$22 billion in 2007 [ 40].
U.S. Sens. Max Baucus, D-Mont., and Chuck Grassley, R-Iowa, and others in Congress, are pushing legislation that, if passed, would greatly increase the tax burden on private equity firms, highlighting the fact that Congressional tax committees have set their sights on such institutions as a potential source of new tax revenue.
But other townspeople quietly say that many would welcome gas development as a potential source of jobs and taxes.
A third potential source of systematic downward bias is tax evasion, which could come to light after death.
Anti-globalisation groups, including a vocal French one called Attac, have embraced the tax as a potential source of revenue for poor countries somewhat, it should be said, to the dismay of its inventor.
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