Definition For Revenue Neutral

See synonyms for revenue neutral adjective of a change in taxation policy that does not alter overall tax revenue usually because it is offset by corresponding cuts or increases.

Definition for revenue neutral. Wikipedia lexilogos oxford cambridge chambers harrap wordreference collins lexibase dictionaries merriam webster. For example currently. Definition of revenue neutral in english. The rate is required to be calculated and published by local governments but need not actually be adopted for the coming fiscal year.

The revenue neutral tax rate is a bundle of contradictions. You can complete the definition of revenue neutral given by the english definition dictionary with other english dictionaries. For example a provision may require individuals to pay less tax but corporations will pay correspondingly more taxes. Word of the day.

In other words a tax proposal is revenue neutral if it neither increases nor decreases tax revenues when compared to existing law. It is intended to make the property tax reappraisal and rate setting process more transparent but instead it often muddies the waters. Revenue neutral law and legal definition the term revenue neutral implies changes in the tax laws that result in no change in the amount of revenue coming into the government s coffers. Subject to the terms of the grant notice including the agreement and the plan 50 of the award shall be based on the fx neutral revenue as defined below during the performance.

Adjective of a change in taxation policy that does not alter overall tax revenue usually because it is offset by corresponding cuts or increases. Earliest use found in the wall street journal. In context of goods and services tax in india the revenue neutral rate is a rate of gst at which the amount of taxes currently collected by the government and the amount expected to be collected after gst remains the same.