Exact(6)
Chinese leaders are adopting fiscal measures to shift taxes to favor more fuel-efficient cars.
Such a move would shift taxes from the rich to the poor, who are disproportionately hit by the sales tax.
The radical bill would shift taxes away from corporations and the rich to regular folks and would increase the deficit by at least $1.4 trillion.
After all, as several witnesses testified in seven hearings over the past three months, the governor, the Legislature and a swarm of local and county governments already have ample statutory power to shift taxes from homeowners, cut them, or raise new ones.
But any revenue-neutral tax-reform scheme can, by definition, only shift taxes, not lower them.
Tax reforms to shift taxes gradually away from labour should aim to remove unjustified barriers and excessive bureaucracy and provide incentives to participation in the labour market, in particular for those furthest away from the labour market, while ensuring that tax shifts do not jeopardise the sustainability of the welfare state.
Similar(54)
Public school officials view the tax credits as poorly disguised state subsidies, part of an expanding agenda to shift tax dollars away from traditional public schools.
Cutting only those expenditures wouldn't be compassionate: it would shift tax burdens toward ordinary families already struggling to make ends meet.
They won a start towards their goal to shift tax away from income and on to wealth, which dates back to John Stuart Mill.
Leaving financial transactions in the tax base for individuals but not for businesses would be highly problematic for example, individuals could shift tax liability easily by transacting through a business.
–Democrats may also attempt to shift tax policy.
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