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In principle, tax on goods should be paid at their destination, where revenue is generated.
Countries that do not, in principle, tax individuals on their capital gains also do not allow capital losses to enter into the determination of taxable income.
But Mark Luscombe, principle tax analyst with CCH, a Wolters Kluwer company in Riverwood, Ill., sees only one basis for giving songwriters better treatment.
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Unfortunately, his proposal does not include either of the two things that would commend it as a serious effort: taxes on carbon emissions, or mandatory limits on them.In principle, taxes and targets are equally efficient ways to reduce a given pollutant, although, as The Economist has long argued, the tax approach has the advantage of simplicity.
The two lawmakers have already agreed on "fundamental principles". Tax reform should level the playing field for ordinary families by retaining the code's progressivity and closing special-interest loopholes.
It is a recognized principle of tax policy that an income tax deduction for charitable donations promotes charitable behavior -- often in excess of what may be expected given the actual dollar value associated with the deduction.
A basic principle of tax law prevents taxpayers from avoiding tax by having their income paid to others (especially others in lower tax brackets or, like the Trump Foundation, who are exempt from income tax altogether).
President Obama has said that the Buffett Rule is a principle for tax reform, and heaven knows that the tax code needs an overhaul.
Especially since he is dismissing part of a paper I co-wrote with Summers and Jason Bordoff.Specifically, Kling objects to our principle that "tax reform should strengthen taxation at the business level".
The general principle of tax reform is that the government lowers the tax rates, but it also "broadens the base" at the same time.
Kroes is also critical of the retrospective nature of the ruling, which determined that Apple had underpaid its Irish taxes from 2003 until 2014, saying a fundamental principle of tax law is that changes do not apply to past years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com