Revenue Neutral Agreement Definition

The revenue neutral tax rate is a bundle of contradictions.

Revenue neutral agreement definition. 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. For example a provision may require individuals to pay less tax but corporations will pay correspondingly more taxes. You can complete the definition of revenue neutral given by the english definition dictionary with other english dictionaries. In other words a tax proposal is revenue neutral if it neither increases nor decreases tax revenues when compared to existing law.

A reform of the corporate taxation rules which provides the same amount of revenue to treasury as the system it replaces. 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. Search revenue neutral and thousands of other words in english definition and synonym dictionary from reverso. Revenue neutral changes in the tax laws that result in no change in the amount of revenue coming into the government s coffers.

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. It s both definable and achievable. The political appeal of a revenue neutral carbon tax is clear. The rate is required to be calculated and published by local governments but need not actually be adopted for the coming fiscal year.

It is intended to make the property tax reappraisal and rate setting process more transparent but instead it often muddies the waters. Wikipedia lexilogos oxford cambridge chambers harrap wordreference collins lexibase dictionaries merriam webster.