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| Articles about Receipts |
| Cyprus property tax receipts tumble 17% | | 2008-05-25 15:18:00 | | A slump in Cyprus property prices led to a dramatic decline in revenue for the government, with receipts from capital gains taxes on mostly property deals tumbling 17% YoY in the first four months of 2008, while income from property taxes fell 25% YoY.Capital gains taxes in the period from January till April 2008 fell 17% to EUR 116.18 mln from EUR 139.42 mln in the same period a year ago, while property revenue fell 25% to EUR 1.5 mln from EUR 2 mln a year ago.The decline in revenue from property dealings forced the total tax revenue of Cyprus in the first four months of the year to EUR 554.19 mln, up only 2% YoY compared to EUR 532.11 mln collected in the same period in 2007.
| | By: Cyprus Real Estate News | | |
| | Always Check Your Receipts! | | 2008-05-23 21:58:47 | | The other day, I stopped in a convenience store (Fas-Start, on Hwy 21 in Bryan, TX…just for your information) to pick up some stuff. I payed for it with my debit card, using the ‘credit’ option. I feel that it is more secure that way, because anyone can memorize a 4-digit code, but it’s a [...] | | By: [ ! ] The Sugarbuzz Project | | |
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| About Warehouse Receipts Finance. | | 2008-04-09 05:39:00 | | Warehouse receipts are a crucial element for risk mitigation, enabling a financier to lend to a borrower, who wants to finance the shipment of commodities for sale or purchase. Using warehouse receipt finance, a bank, or trader, relies on goods in an independently controlled warehouse to secure financing. Usually providing (among many things) there is an off-taker and that there are other forms of recourse (the borrower?s balance sheet for example) banks will lend against commodities stored in a reliable warehouse and which have been properly pledged to them in a sound legislative environment. So warehouse receipts provide for a degree of physical risk mitigation and, in support of an exchange-based trading system, they are important for underpinning futures. Accordingly, warehouse operators can act as key influencers of risk management. If they are able to issue warehouse receipts, which can be used as collateral by banks, they may use this as a way of encouraging deliverers of commod | | By: FINANCE. | | |
| | | Boracay visitor arrivals surpass half-million mark; P10-B receipts | | 2007-12-13 16:21:48 | | Kalibo, Aklan — Tourists arrivals in Boracay Island have surpassed the half-million mark a month before the year ends, records from the Provincial Tourism Office here show.
From January to November of this year, a total of 547,305 tourists, domestic and foreign, visited the island. Their arrival in the island generated a total of P10,062,326,737.00 in [...] | | By: Philippines Travel Blog | | |
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| New Jersey and New York Receive More in Tolls than Gas Tax Receipts | | 2007-06-19 07:00:00 | | fThe Tax Foundation has posted a new table to the website comparing how different states receive revenue from gas taxes versus the money collected from toll roads. Four states—New York, New Jersey, Delaware, and Alaska—receive more revenue from toll collections than from gas tax receipts. The Empire State collects over four times more from tolls than gas taxes. Some states have no toll revenue.Why do some states rely so heavily on tolls while others merely raise revenue through gas taxes? Using tolls as a user fee for roads is an easier way to export tax burdens to out-of-towners because those who drive on roads with tolls (typically interstates) are more likely to be out-of-towners than those traveling on local roads. Plus, it is much more efficient to have a toll road on an interstate where entry is easily excludable than having someone pay a toll for each time he/she makes a turn inside a city from 1st Street onto 2nd Street.Also, any history student will know that | | By: Tax Policy Blog | | |
| | Would a Gross Receipts Tax Stabilize Michigan Revenue Collections? | | 2007-06-04 07:00:00 | | It is the 11th hour in the debate over replacing the Michigan Single Business Tax. Both the House (controlled by Democrats) and the Senate (controlled by Republicans) have conceded that the replacement should be revenue-neutral and feature a tax on business profits. The major remaining point of contention is whether the replacement plan should also contain a tax on net worth (House) or gross receipts (Senate).Some in the Senate defend gross receipts taxes on the ground that they are more "stable." By stability, one assumes they mean that it will collect revenues in a smooth manner, relatively unobstructed by the ups and downs of the economy.While our definition of tax stability is somewhat different, there is something to be said for a tax that collects stable revenues. Unfortunately, there is little evidence that a gross receipts tax is "stable" in this sense.John Mikesell explored the stability of gross receipts taxes (and other issues involved with such taxe | | By: Tax Policy Blog | | |
| | Economists Agree: Gross Receipts Taxes Belong in the Dustbin of Tax History | | 2007-04-24 07:00:00 | | When our chief economist and I sat down to write a policy paper on gross receipts taxes (GRTs) last year, we made a surprising discovery. There was almost nothing in the recent public finance literature on gross receipts taxes. After a series of studies in the 1940s, the literature was essentially silent on GRTs for almost six decades. And after a little historical digging, we learned why. It turns out that after a brief surge in GRTs during the Great Depression, the deep flaws in their structure became apparent to academics and lawmakers alike. State and local lawmakers rushed to scale back or abandon the taxes in favor of more well-designed alternatives like sales, income and property taxes. Although GRTs survived in a handful of states, by the late 20th century they had largely disappeared from the policy debate. As a result, by the turn of the 21st century a whole generation of public finance scholars had passed with essen | | By: Tax Policy Blog | | |
| | Illinois Economic Consultant Continues Misguided Campaign for Gross Receipts Tax | | 2007-04-24 07:00:00 | | As a champion of Gov. Blagojevich's proposal for a huge new gross receipts tax, Douglas Kane, former state rep and now economic consultant to the Governor, is scrambling to deflect the volley of criticism that comes from every corner of academia.See J. Fred Giertz, professor of economics, University of Illinois at Urbana-Champaign:"The good news is that the governor finally recognizes the serious budget problems facing the state. The bad news is that he has responded by proposing an overly large tax increase that makes use of an inferior tax instrument."See David Brunori, tax attorney and contributing editor, State Tax Notes:"Gross receipts taxes are terrible ways to raise revenue. One of their biggest problems is that they are hidden taxes. No one who bears the burden is aware of it. That alone should be reason to reject gross receipts taxes. I hope this is not the start of a bad trend."See John L. Mikesell, professor of public finance, Indiana University Schoo | | By: Tax Policy Blog | | |
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