And, while raising so much revenue with so low a tax rate sounds grand, the declining volume of trades would shrink the tax base precipitously.

And, while raising so much revenue with so low a tax rate sounds grand, the declining volume of trades would shrink the tax base precipitously.

Initiatives to increase the revenue base and optimise spending were developed.

Half of tax revenue is collected with a value added tax, which is essentially a tax on consumption.

Tax hikes lower consumption and raise revenue in the medium term a 10 higher tax means about 7 higher revenue over the medium term.

In Germany the issue is the distribution of tax revenue.

The Internal Revenue Service sees no increase in tax cheating.

In 1999, debt service payments reached about 80 of planned tax revenue.

This can include broadening the tax base, reducing tax avoidance and evasion, improving tax collection, and developing new, cooperative international taxation strategies.

For a given size of government, the method of raising tax revenue matters.

But paying decent salaries for honest government bureaucrats and judges requires tax revenue.

The resulting revenue loss could be offset by raising the corporate tax rate.

The mine accounts for 13.5 of Mongolia's GDP and 7 of tax revenue.

Adequate taxation of high income individuals and high profit companies, together with strong and sustained efforts to reduce tax avoidance, will become even more vital to defend the revenue base.

Virginia, at 28 percent, generates the least amount of tax revenue, proportionately, from business.

Maryland collected 1 billion in corporate income tax revenue, the most in the region.

More than half of the District's tax revenue, 56 percent, comes from business taxes, while 36 percent of Maryland's revenue comes from firms.

So what else can eurozone governments do to raise revenue as their economies recover? Most economists favor finding ways to broaden the tax base for example, by eliminating special deductions and privileges in order to keep marginal tax rates low.

Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income.

Here, the revenue loss could be offset by an increase in the personal tax rate.

The extra tax revenue that such a rebate would produce would reduce government deficits significantly.

Reducing the tax rate for companies substantially, while eliminating targeted business tax preferences and broadening the corporate tax base, would increase both investment and workers wages.

These revenue losses could be offset by curtailing so called corporate tax expenditures deductions, credits, and other special tax provisions that subsidize some economic activities while penalizing others and broadening the corporate tax base. Both President Barack Obama s plan for business tax reform and the Simpson Bowles deficit reduction plan propose reducing such expenditures to pay for a reduction in the corporate tax rate.

Indeed, in contrast, in many Chinese regions, the tax contribution of a single private firm can exceed the combined tax revenue from all SOEs.

The tax reform approved in September of 2014 is intended to increase tax revenue in order to finance education, health and other public services.

Broadening the income tax base is a central element of the highly regarded Simpson Bowles proposals for tax reform in the United States.

In many countries, tax reform has already significantly increased the share of direct taxes in overall revenue.

The recent rebound in business tax revenue cannot all be attributed to the recovering real estate market.

Instead of cutting proven tax incentives for business investment, the US should offset at least some of the revenue losses from a lower corporate tax rate by raising tax rates on corporate shareholders.

The government's ability to collect tax revenue remains weak, yielding less than the equivalent of 15 of GDP.

Moreover, any increase in spending on infrastructure or any revenue loss from tax reform should be offset elsewhere.

Other countries are so small and ineffective at collecting revenue that they cannot afford a progressive tax system.

Revenue estimates

The increased demand for Greek goods and services would raise Greece s GDP, increasing tax revenue and reducing transfer payments.

Revenue estimates for a small tax on international currency transactions run into hundreds of billions of dollars per year.

In principle, one could cut other taxes to offset the effects of a carbon tax, neutralizing the revenue effects.

Greece s tax system needs to be revamped, and the revenue authorities must be freed from political and corporate influence.

But tax revenue will cover only a fraction of that, as it is estimated at only 37trillion for 2010.

The increased demand for Greek goods and services would raise Greece s GDP, increasing tax revenue and reducing transfer payments.

Internal Revenue System officials were accused of colluding to help 122 taxpayers obtain fraudulent tax refunds from the FUT.

Most economists favor finding ways to broaden the tax base for example, by eliminating special deductions and privileges in order to keep marginal tax rates low.

Base

base

In order to increase personal income taxes share of total revenue, developing countries are already improving their tax administrations in innovative ways, particularly to reach hard to tax citizens.

Today, a G 8 or G 20 agreement on exchanges of tax information could help to shore up national revenue bases and the reputations of governments for tax fairness.