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There is a lot that it must do for itself to regenerate growth — including liberalizing labor markets, spreading tax burdens more fairly, decreasing the size and increasing the efficiency of the state bureaucracy and selectively privatizing state-owned properties.
Some stark statistics lay behind the spreading tax revolt on the Continent: Drivers pay more than twice what Americans do for gasoline, and the tax bite, 22.8percentt of the price in the United States, is more than 60percentt in Europe, with Britain topping the field at 76.2percentt.
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Congress made it easier for corporations to spread tax breaks and profits over many years, including reaching back to past years to get tax breaks that could not be used at the time.
The government said it wanted to "simplify" the tax system and spread tax relief across everyone, regardless of age.
"This measure will support the goal of a single personal allowance for all taxpayers regardless of age, and spread tax relief fairly across working-age people and pensioners," said HM Revenue and Customs HMRCCustoms HMRC
Mr Kelkar's five-year plan seeks to eliminate the government's revenue deficit (amounting to 3.5% of GDP) by integrating goods and services taxes, reducing tax rates but spreading the tax net broader.
Legitimate costs of the program, she said, can be handled by spreading the tax credits offered over several budget years.
Independent butchers complained that they were unfairly disadvantaged: supermarkets could keep meat prices down by spreading the tax across other goods, but small butchers sold only meat.
The downside would be that by spreading the tax cut more widely, the city would not be able to give as large a rebate to homeowners.
She first got interested in politics 20 years ago, when a court ruling forced New Hampshire to adjust its school funding mechanism, spreading property tax revenues more evenly to rich and poor districts around the state.
The new tax rate has not yet been set, but Michael S. Barker, tax assessor for the Village of Ridgewood, said the revaluation would help spread the tax burden more equitably.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com