Definition Of Revenue Neutral

Definition of revenue neutral in english.

Definition of revenue neutral. The rate is required to be calculated and published by local governments but need not actually be adopted for the coming fiscal year. 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. 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. For example a provision may require individuals to pay less tax but corporations will pay correspondingly more taxes.

It is intended to make the property tax reappraisal and rate setting process more transparent but instead it often muddies the waters. Revenue neutral cap and trade bc carbon tax carbon pricing carbon taxes. For example currently. In other words a tax proposal is revenue neutral if it neither increases nor decreases tax revenues when compared to existing law.

For carbon pricing to be efficient and economically benign it must be emplaced in lieu of regulations. Earliest use found in the wall street journal. 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. The revenue neutral tax rate is a bundle of contradictions.

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. Trudeau government carbon tax plan rife with problems. Revenue neutral changes in the tax laws that result in no change in the amount of revenue coming into the government s coffers. Adjective of a change in taxation policy that does not alter overall tax revenue usually because it is offset by corresponding cuts or increases.

The political appeal of a revenue neutral carbon tax is clear. The tax provides an incentive to reduce fossil fuel use and the revenue neutrality reducing income or other taxes in amounts more or less equal to the amount of carbon tax revenues that the government receives makes the whole exercise rather painless.