tax revenue

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tax revenue

the money raised by government through the imposition of TAXES. Tax revenue from income (INCOME TAX, etc.) depends upon the income TAX RATE and the level of TAXABLE INCOME, while tax revenue from expenditure (VALUE-ADDED TAX, etc.) depends upon the indirect tax rate and the level of taxable expenditure. Government's tax revenue varies with the level of economic activity, increasing during periods of prosperity when more people have jobs and taxable incomes and spend more.
References in periodicals archive ?
In the non-oil sector, the growth rate of revenues was 16.1 percent compared to the same period last year, and their share exceeded two thirds of the total volume of tax revenues.
According to provisional summary of consolidated federal and provincial budgetary operations for the current fiscal year (2018-19) of the finance ministry, among the tax revenues, the federal government collected Rs2,874,424 million whereas the provincial governments' share stood at Rs287,708 million.
Sales tax revenues continue to demonstrate the strength of the Tennessee consumer by outpacing last years receipts and the states budgeted estimate for the month, McWhorter said.
The CDTFA distributes the sales tax revenues on a monthly basis according to a predetermined formula with quarterly true-ups.
Corporation tax revenues continues to go from strength to strength, highlighting the importance of maintaining a competitive and stable tax environment.
Tax revenues in February went up 6.2 percent from February 2017.
Results indicate that the lowest tax rate is positively related to tax revenues while the highest tax bracket (lower income limit) is negatively related to tax revenues.
Tax revenues are projected to grow by 11,721,800,000 som in 2018 compared to 2017 mainly due to the increase in tax revenues from the value added taxes, excise taxes, and taxes on international trade and operations.
The objective of present study is to investigate the relationship between economic growth, trade openness, urbanization, foreign aid and tax revenues. World Development Indicators 2015 has been used to collect data on urbanization, trade openness (exports + imports).
These forecasts do not generally reflect the steep drop in stock markets in September 2015, which could adversely affect state income tax revenues.
Tax revenues rose by EGP 149.8bn during these months in FY 2014/2015 compared to EGP 148.8bn in the same period of FY 2013/2014, with an increase of EGP 1bn.
"Tax revenues, employment rates, and reserve funds still are lower in most states than they were before plunging during the recession."