The government may go further, perhaps imposing a tax on retained earnings.
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THERE are three main justifications for imposing a tax on a specific good.
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The news comes as the government publishes legislation imposing a tax on soft drinks.
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I'm going to pay for it by imposing a tax on Wall Street speculation.
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Importers, however, would not receive the same benefit, effectively imposing a tax on their products.
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And we are going to do that by imposing a tax on Wall Street speculation.
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Revenue can also be raised by imposing a tax on the trading of stocks, bonds and derivatives.
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By imposing a tax on gifts, the ability to make "deathbed" transfers to avoid the estate tax is reduced.
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The California state government was imposing a tax on all mining claims, and taxes—as remains the case—weren't all that popular.
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On October 17, the government proposed imposing a tax on Whatsapp calls, along with other austerity measures, sparking protests that paralyzed the country.
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Trump has also threatened a new tariff on sparkling French wine, including Champagne, to punish France for imposing a tax on digital services.
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In 1962, when France and Germany imposed duties on American goods, including chickens, Lyndon Johnson responded by imposing a tax on imported pickup trucks.
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If, for example, the White House persisted with the idea of imposing a tax on imports from Mexico, it would significantly hurt U.S. retailers.
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When the Obama administration slapped tariffs on Chinese tire imports in 2009, for instance, China lashed back by imposing a tax on U.S. chicken parts.
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The crackdown in March followed protests against a law imposing a tax on those not in full-time employment, popularly known as the "law against social parasites".
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It would be funded by reversing Trump tax cuts for earners making more than $100,85033 and imposing a tax on financial institutions with more than $50 billion in assets.
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ABA Chief Executive Anna Bligh said last week that imposing a tax on parts of the banking sector because of its financial success set a "worrying precedent" for other industries.
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WASHINGTON — The Yale economist William D. Nordhaus has spent the better part of four decades trying to persuade governments to address climate change, preferably by imposing a tax on carbon emissions.
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Policymakers said they were ditching a plan for a border adjusted tax, which would have created a quasi-territorial system by imposing a tax on imports to the US while exempting exports.
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One year after signing legislation that prohibited NYC from imposing a tax on single-use plastic bags, he proposed a ban on them after Nixon led a march of environmental activists to the state capitol.
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His campaign website sports (at last count) 106 proposals, running from the consequential—imposing a tax on carbon pollution, legalising marijuana, decriminalising opioids and reforming zoning rules—to the zany, like offering free marriage counselling to all.
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His administration has targeted steel and aluminum imports from many American allies, put tariffs on $34 billion of Chinese goods, and is looking to escalate by potentially increasing China tariffs and imposing a tax on imported cars and parts.
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Now it is trying to extend that policy to an unlikely place: Wyoming, which produces more coal than any other state and has hardly welcomed the march of turbines across the country, even imposing a tax on wind-energy generation.
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The final tax bill keeps one provision that had stoked controversy among higher education leaders, imposing a tax on the endowments of some rich nonprofit colleges, a provision conservatives argued would raise revenue from elite schools with billions of dollars in assets.
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The new targets will be met by restricting the carbon content of gas and diesel, encouraging the sales of green vehicles, and imposing a tax on pollution, according to the AP. Opposition groups say these efforts will increase energy costs for Californians.
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"We are moving forward with the project, but believe that imposing a tax on pre-existing orders is unjust, especially considering the specific materials we purchased abroad were not readily available in the U.S.," Willie Chiang, Plains' chief operating officer, said on Tuesday.
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In March, music streaming service Spotify filed a complaint against Apple in Europe alleging that the iPhone maker unfairly stifles competition by imposing a "tax" on digital subscription services made by its rivals and otherwise seeks to give its own products advantages over those made by others.
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While the scope of any potential inquiry into the banks is likely to be hammered out in negotiations, policies smaller parties campaigned on include imposing a tax on the major lenders, allowing customers to switch banks more easily and increasing the capital the big banks must hold.
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In March, the music streaming service Spotify filed a complaint against Apple in Europe alleging that the iPhone maker unfairly stifles competition by imposing a "tax" on digital subscription services made by its rivals and otherwise seeks to advantage its own products over those made by others.
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"Imposing a tax on the sale of stocks and bonds takes money out of the pockets of individual investors as they save for their children's college education, their retirement, or to pay for other household needs, all of which have a positive impact throughout the economy," said Financial Services Forum President and CEO Kevin Fromer.
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Another alternative would focus on the use of intellectual property in tax avoidance — common in the technology and pharmaceuticals sectors — by imposing a tax on foreign income derived from IP. This was proposed in 2014 by Dave Camp, the then Republican chairman of the tax-writing House ways and means committee, but it prompted an outcry from business.
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The plan largely marshals under one roof tech-related proposals Yang has previously floated, including affording property rights to Americans' personal data; imposing a tax on digital ads to help fund the universal basic income program at the heart of Yang's campaign; and launching a Cabinet-level "Department of the Attention Economy" to provide guidelines and possibly regulations for responsible design of consumer hardware and software.
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Seizing upon the business opportunity, he imported a large still and expanded the brewery's distillery. The Government responded to this by imposing a tax on locally produced spirits as well, leading Stokes to stop Albion's distilling efforts.
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The latter was later called Harijan Ashram or Sabarmati Ashram. He started the salt satyagraha in 1930. He and many followers marched from his ashram to the coastal village of Dandi, Gujarat, to protest against the British imposing a tax on salt. Before he left the ashram, he vowed not to return to the ashram until India became independent.
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St. Louis and Kansas City are permitted to impose an Earnings Tax on all individuals and businesses doing business within their city limits. All other municipalities are prohibited from imposing a tax on income. The earnings tax is one percent of income for residents, and one percent of income earned inside the city for nonresidents who work inside the city.
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In 1176, William II of Sicily sent ambassadors to the English court to ask for Joan's hand in marriage.W. L. Warren, Henry II, (University of California Press, 1977), 143. The betrothal was confirmed on 20 May, and Joan's father had to raise money to pay for the cost of the journey and the wedding. He did this by imposing a tax on English subjects.
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Canadian employers saw the Chinese immigrants as a source of cheap labour, and the government viewed opium consumption as another way to gain revenue, imposing a tax on opium factories in 1871. However, with the decline of the gold rush in the 1880s resentment towards the Chinese grew, as unemployed Canadians could not compete with cheap Chinese labour.Major Studies of Drugs and Drug Policy Schaffer Library of Drug Policy.
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On 28 June 2010, the European Union's executive said it will study whether the European Union should go alone in imposing a tax on financial transactions after G20 leaders failed to agree on the issue. The following day the European Commission called for Tobin-style taxes on the EU's financial sector to generate direct revenue for the European Union. At the same time it suggested to reduce existing levies coming from the 27 member states.
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At this time, the area was under the sovereignty of the Sardiyya tribe, which was imposing a tax on the tribes that inhabited the areas in and around Al-Balqa, however when the Bani Sakhr returned, they refused to get taxed, which led to a heated situation between them. This conflict lead to the first alliance between Bani Sakhr and Al-Adwan where they joined forces with the intent to annihilate the Sardiyya tribe.
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Congress thereafter attempted to end child labor by imposing a tax on certain corporations making use of it. That law was overturned by the Supreme Court in 1922 in Bailey v. Drexel Furniture Co., with Taft writing the court's opinion for an 8–1 majority. He held that the tax was not intended to raise revenue, but rather was an attempt to regulate matters reserved to the states under the Tenth Amendment, and that allowing such taxation would eliminate the power of the states.
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On December 26, 1240, Ildebrandino Cacciaconti, the then podestà of Siena, signed a decree imposing a tax on citizens of Siena who rented rooms to students of the local "Studium Senese". The money from this tax went to pay for the salaries of the maestri (teachers) of this new studium. The studium was further supported when, in 1252, Pope Innocent IV declared both its teachers and students completely immune from taxes and forced labour levied on their person or property by the city of Siena.de Ridder-Symoens, Universities in the Middle Ages.
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On December 26, 1240, Ildebrandino Cacciaconti, the then podestà of Siena, signed a decree imposing a tax on citizens of Siena who rented rooms to students of the local "Studium Senese". The money from this tax went to pay for the salaries of the maestri (teachers) of the new University of Siena,. The studium was further supported when, in 1252, Pope Innocent IV declared both its teachers and students immune from taxes and forced labour levied on their person or property by the city of Siena.de Ridder-Symoens, Universities in the Middle Ages.
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On June 28, 2010, the European Union's executive said it will study whether the European Union should go alone in imposing a tax on financial transactions after G20 leaders failed to agree on the issue. The financial transactions tax would be separate from a bank levy, or a resolution levy, which some governments are also proposing to impose on banks to insure them against the costs of any future bailouts. EU leaders instructed their finance ministers in May 2010 to work out by the end of October 2010, details for the banking levy, but any financial transaction tax remains much more controversial.
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Kalligas was a self-declared "child of the 19th century", and hence proclaimed his belief in popular sovereignty. At the same time, he was a critic of the limitations of the parliamentary system of his time, particularly of the corruption and clientelism of the parties, and warned of the dangers of the "tyranny of the majority". As Finance Minister, he proposed an austere economic policy, limiting foreign lending and advocating increased taxation, among other measures imposing a tax on alcoholic drinks. His policy was opposed by the middle class and the merchant and industrial interests, which contributed to his resignation in May 1893.
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In late 2004 while mayor of Chattanooga, Corker requested the Tennessee Department of Transportation to reduce the speed limits on interstate highways and other four-lane controlled access highways in Hamilton County from 70 mph to 65 mph and 55 mph for trucks in an effort to reduce particulate air pollution after Chattanooga failed to meet the EPA's requirements for air quality. While Corker has expressed skepticism regarding the degree to which humans contribute to global warming, in 2015 he supported a resolution expressing the sense of the Senate that climate change is real and that humans contribute to it. He favors imposing a tax on carbon. Corker opposed John McCain's 2008 campaign proposal to suspend the 18-cents-per- gallon federal gasoline tax, calling it "pandering extraordinaire".
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Substantial uncertainties confronted electric utilities when planning compliance strategies. These included the future price and availability of fuels; the value of emissions allowances and operation of markets for them; the manner in which state public utilities commissions and the Internal Revenue Service would allocate the costs of scrubbing or switching fuels and the value of emissions allowances; accounting guidelines, revisions to interstate bulk power sales contracts, and possible intervention by the Federal Energy Regulatory Commission in interstate transfers of emissions allowances by multi-state holding companies. Changes in the competitiveness of various generating and pollution control technologies; a myriad of new rule making actions required by the Clean Air Act; and the possibility of new legislation limiting emissions of carbon dioxide, imposing a tax on carbon emissions, or on Btu usage were also of great concern.Platt, J.B. (1991).
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The central government in consultation with the state governments, decided that an Additional Excise Duty be levied on mill-made textiles, sugar, tobacco, rayon among others and the net proceeds of which should be distributed among them subject to then income derived by each state being assured to it. The Commission rejected this contention as the rates of sales taxes had been revised by them since then. The Commission distributed the guaranteed amount of Rs. 32.54 crores among the States and the remaining amount was distributed, first, on the basis of the percentage increase in the collection of sales tax in each state since 1957- 58 when Additional Excise Duties were imposed and then on the basis of the population. The Act imposing a tax on the railway passenger fares was repealed after the Third Finance Commission had been constituted.
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