Taxation example sentences

The government agencies need it for price regulations, taxation and other similar purposes.Tariff and taxation policies, import quota system, subsidies and other controls adopted by a nation are not the same as in other countries and often discriminate against foreign products, services and capital.Two new taxes – the fringe benefits tax (on those benefits enjoyed collectively by the employees) and on cash withdrawals from banks over a certain threshold in a day – were introduced in the budget for 2005-0 The share of direct taxes in gross tax revenue has increased from 1 1 per cent in 1990-91 to 4 3 per cent in 2003-0 There has been a reduction in the share of indirect tax revenue, falling from 7 4 per cent in 1990-91 to 5 9 per cent in 2003-0 The redistribution objective is sought to be achieved through progressive income taxation, in which higher the income, higher is the tax rate.It is called 'equivalence' because it argues that taxation and borrowing are equivalent means of financing expenditure.Current liabilities include creditors, bills payable, outstanding expenses, provision for taxation net of advance tax, bank overdraft, short-term loans, income received in advance, etc.The financial statements provide basic input for industrial, taxation and other economic policies of the government.Unlike any one trader, the government can raise resources through taxation and printing money.The fiscal policies, particularly taxation policies of the government, are related with the financial performance of corporate undertakings.It is important to mention here that under indirect method, the starting point is net profit/ loss before taxation and extra ordinary items as per Income Statement of the enterprise.This refers to the provision for income tax (corporation tax) chargeable on profits, and it is made by debiting the profit and loss account and crediting the provision for taxation account which is shown on the liabilities side under the heading 'Current liabilities and Provisions' in the balance sheet.Fourth, to expand its revenue income, the colonial government looked for every possible source of taxation.For these purposes macroeconomists had to study the effects in the markets of taxation and other budgetary policies, and policies for bringing about changes in money supply, the rate of interest, wages, employment, and output.Budgetary deficits must be financed by either taxation, borrowing or printing money.Increased taxation, censorship, forced conscription into the French armies required to conquer the rest of Europe, all seemed to outweigh the advantages of the administrative changes.Those include provision for taxation, proposed dividends, provision for contingencies, provision for provident fund, provision for insurance, pension and similar staff benefit schemes, etc.