These Republican leaders, who think nothing of widening tax loopholes for corporations and multimillion-dollar estates, are offended by the idea that people making less than $40,000 might benefit from the progressive tax code.
The Standard & Poor's credit rating agency warned that it might lower the Philippines' long-term credit rating because the country's budget deficit was widening, tax collection was poor and national debt was unusually large in proportion to the economy.
PARIS – UBS, the biggest Swiss bank, is the target of a widening tax evasion investigation in France, a spokeswoman for the Paris prosecutor's office said on Friday, an indication that the lender's problems with the French government are growing.
In their next few sessions, the lawmakers will almost certainly have to cut tax exemptions, widen the tax base where they can, and even consider, horror of horrors, an income tax.
Indictments in KPMG Case Eight former partners of KPMG and a lawyer were indicted by prosecutors as the investigation widened into tax shelters offered by the accounting firm to help wealthy investors evade taxes.
The big exception has been tax reform: Mr Singh has brought in India's first value-added tax, which should widen the tax base and help improve the country's dismal finances.
Moreover, he worries that if wages do not keep pace with inflation, still more nurses and teachers will head off for places such as Britain.Improving tax collection and widening the tax base are both vital.
"Any increase in the UK's official development assistance to Pakistan must be conditional on Pakistan increasing its tax collection and widening the tax base," it said in a report published today.
Downing Street and the Treasury would be opposed to a new wealth tax, but there may be pressure for a tougher capital gains tax on main homes, or widening council tax bands.
