Revenue Neutral Meaning Business

In total there are 18 business only tax expenditures that revenue neutral reform may attempt to eliminate on both the corporate and individual side of the tax code.

Revenue neutral meaning business. The citizens climate lobby proposes charging an initial fee of 15 rising at 10 per year with all revenue rebated to individuals. You can complete the definition of revenue neutral given by the english definition dictionary with other english dictionaries. The scenarios were all revenue neutral meaning the revenues were to be returned either through a household rebate or reductions in corporate or payroll taxes. For example a provision may require individuals to pay less tax but corporations will pay correspondingly more taxes.

The winners would pay less in taxes and the losers would pay more in taxes. The largest of these tax expenditures for pass through businesses is accelerated depreciation for machinery with a ten year value of 111 billion for pass through businesses. Try as tax reformers might to make the tax code simpler shorter fairer less intrusive flatter or less progressive. That was the professors directive and to an extent it was their focus.

A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key. Wikipedia lexilogos oxford cambridge chambers harrap wordreference collins lexibase dictionaries merriam webster. Revenue neutral tax proposals by definition create winners and losers. Revenue neutral changes in the tax laws that result in no change in the amount of revenue coming into the government s coffers.

The business community was. 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. In other words a tax proposal is revenue neutral if it neither increases nor decreases tax revenues when compared to existing law. 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.

According to them revenue neutral is a constant ratio of taxes to total personal income over a 10 year period exactly how a constant ratio of taxes to personal income over a 10 year period is pertinent to revenue neutral tax reform this year seems nebulous at best.