Sentence examples for reduce tax liability from inspiring English sources

Foreign tax credits are highly prized because they reduce tax liability on a dollar-for-dollar basis.

Their idea is to wipe out every tax expenditure – deductions, exclusions and credits that reduce tax liability – and start from scratch, requiring tax-expenditure supporters to justify each one as if it were being proposed for the first time.

The new federal subsidy, awarded by the Department of Housing Preservation and Development, is a Low Income Housing Tax Credit, part of a program created by Congress in 1986 to reduce tax liability for developers of affordable rental housing.

As Donald Trump's father's death neared, the family made use of a common form of trust to transfer ownership of his real estate to Mr. Trump and other heirs; however, the property's values were systematically lowballed to reduce tax liability.

We show that creditor intervention prompts borrowers to reduce tax liabilities in moderate ways.

Banks often design complicated trading strategies that help a customer, such as a pension fund or a wealthy individual, circumvent regulatory requirements or reduce tax liabilities.

Credit Suisse plans to create a new division that will purchase credits and sell them to companies or investors to help them reduce tax liabilities.

Lawrence H. Summers, the Treasury secretary, said the action again highlighted the need for broad legislation to crack down on tax-avoidance efforts, which have grown in use as accounting firms and tax lawyers comb through the tax code looking for wrinkles that can be exploited to reduce tax liabilities.

The Productivity Commission's conclusion about the existing scheme: "The tax concessions embodied in transition to retirement pensions – designed to ease workers to part-time work prior to retirement – appear to be used almost exclusively by people working full-time and as a means to reduce tax liabilities among wealthier Australians".

The reputed bribery scheme - in which no charges have been filed - is said to involve auditing state tax returns, obtaining payoffs to reduce tax liabilities and covering up the illegal procedure by failing to notify Federal tax authorities of the state audit.

And, as Apple and others have demonstrated, it is often possible to shift economic income from the United States to tax havens abroad, further reducing tax liability here.