Blog Posts - Tax Revenue

U.S. state tax collections likely rose in 3rd qtr -Rockefeller

U.S. states’ tax collections likely grew in the third quarter as the effects of a major tax liability shift at the end of 2012 began to dissipate, according to a report released on Wednesday.
by TaxWorldWeb on Nov 5, 2014

Social Security Benefits Rising 1.7% For 2015, Top Tax Up 1.3%

The nation’s nearly 64 million Social Security recipients will get a 1.7% cost of living increase for 2015, while the maximum Social Security tax, which is linked to a different measure, will go up by just 1.3%, the government announced today.
by TaxWorldWeb on Oct 22, 2014

UK Public Finances Worsen In First Half Of Tax Year

British government borrowing over the last six months was over 10 percent higher than in 2013, official data showed on Tuesday, giving Chancellor George Osborne a tough task to meet his full-year borrowing goals.
by TaxWorldWeb on Oct 21, 2014

Uganda Seeks to Emulate Kenya, Tanzania in Tax Collection Gains

Uganda is targeting an annual improvement in its revenue collection of half a percentage point in the ratio between tax and gross domestic product as the country seeks funds for development.
by TaxWorldWeb on Oct 17, 2014

New Record: Federal Tax Revenues Top $3T for 1st Time

Inflation-adjusted federal tax revenues not only hit a record high in fiscal 2014, but marked the first time that tax revenues have ever topped $3 trillion, according to the latest Monthly Treasury Statement.
by TaxWorldWeb on Oct 15, 2014

Indirect tax collections up 5.8% in April-September

Indirect tax collections inched up by 5.8 per cent in the April-September period of this fiscal. Indirect tax collections, comprising excise, customs and service tax, stood at Rs 2,41,811 crore in the first six months of 2014-15 fiscal as against Rs...
by TaxWorldWeb on Oct 14, 2014

Income tax revenue could be lower than expected, finance watchdog says

Income tax revenues are likely to be lower than expected despite rising numbers of people in work, the public finances watchdog has warned.
by TaxWorldWeb on Oct 13, 2014

Puerto Rico’s Sept tax revenues fall 3 pct year-on-year

Puerto Rico’s tax revenues in September unexpectedly fell 3 percent year-on-year to $709 million, Puerto Rico’s Treasury Department said in a statement on Thursday.
by TaxWorldWeb on Oct 9, 2014

Tax payments to feds rise by $202 billion

The federal government took in $202 billion more in tax revenue in fiscal 2014, the nonpartisan Congressional Budget Office (CBO) estimated Wednesday.
by TaxWorldWeb on Oct 8, 2014

Colombia seeks to boost tax revenue by $26.2 bln through 2018

Colombia’s government will seek congressional approval to tax “riches” and extend a bank transaction duty in a bid to plug a financing hole and ensure as much as $26.2 billion in additional revenue through 2018, Finance Minister Mau...
by TaxWorldWeb on Oct 3, 2014

Exchequer take ahead of target by €700m in year to September

Exchequer returns for the first nine months of the year show the State has taken in over €700m more than expected in the last Budget, an improvement of 2.5%.
by TaxWorldWeb on Oct 2, 2014

Too reliant on the few

Taxes are best raised on a broad base, but in many countries it is worryingly narrow.
by TaxWorldWeb on Sep 18, 2014

Lower than expected tax take in Solomons

Weak economic growth has led to a ten percent fall in income for the Solomon Islands government.
by TaxWorldWeb on Sep 14, 2014

Tax effort improves to 13.7% of GDP

The country’s tax effort inched up to 13.7 percent of the nation’s total economic output in the first half, driven by improving revenue collections.
by TaxWorldWeb on Sep 9, 2014

US Tax Revenue To Rise If Obama Legalize Immigrants

Center for American Progress, which has close ties to the Obama administration, estimated $21.2 billion in additional payroll taxes would be collected over five years under one scenario available to Obama, who has made immigration reform a priority o...
by TaxWorldWeb on Sep 5, 2014

Rwanda: RRA Eyes Wider Tax Base

The Rwanda Revenue Authority (RRA) has launched the 13th Taxpayers’ Day celebrations with a promise to widen the country’s tax base.
by TaxWorldWeb on Aug 5, 2014

Higher tax take leads to better exchequer deficit

The Exchequer deficit stood at €5.18 billion at the end of July, an improvement of nearly €800 million on the figure predicted in the budget.
by TaxWorldWeb on Aug 5, 2014

Chile’s collection of new fishing tax short of $30m target

The Chilean government will collect from July this year a specific tax on companies holding A fishing licences. The rate varies according to the number of metric tons the companies, currently 49, are allowed to fish.
by TaxWorldWeb on Jul 21, 2014

German tax revenue swells in June

Federal and state authorities in Germany have watched their tax revenues rise steadily as of late and the month of June was no exception. The Finance Ministry reported the domestic labor market was “gratifyingly robust.”...
by TaxWorldWeb on Jul 21, 2014

I-T, CBDT to finalise tax collection roadmap during 2-day meet

The top brass of Income Tax department and CBDT will strategise steps for revenue collection post the budget announcements during a two-day conference beginning here tomorrow.
by TaxWorldWeb on Jul 20, 2014

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