Tax Revenue tagged posts

Cutting N. Ireland’s Tax Could Create 90000 Jobs

February 17, 2010 Taxation in UK

Stormont the seat of government in Northern IrelandAccording to a report released by the Northern Ireland Economic Reform Group (NIERG), reducing Northern Ireland’s corporate tax rate to 12.5 percent could create 90 000 new jobs within two decades.

The NIERG has claimed that the Northern Ireland Government’s current tax rate of 28 percent , and scheme of awarding grants to businesses, is not sustainable, and needs to be changed soon in order to spurn the nation’s economic development. Projections within the report show that reducing the corporate tax rate to the lowest EU allowable level will ultimately have a positive long term effect on Northern Ireland’s tax revenues and employment. The immediate consequence of the tax cut will be a £200 million drop in corporate tax revenues with further effects across income and Value Added taxes...

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Thailand’s Tax Collection to Surpass Targets

January 5, 2010 Taxation in Thailand

2757-Thailand-Bangkok-Government HouseThailand’s tax collections are expected to exceed Government targets by at least 10%.

The Thailand Government’s fiscal stimulus measures and tax base extension efforts will see tax collections “easily” surpass the THB1.097 trillion target set by the Revenue Department for the financial year ending September 30th, 2010. The rapid upsurge in revenue has been laid down to Thailand’s improving economic situation and extended efforts to raise the profitability of the country’s taxation system.

Following several months of growing collection figures and healthy economic indicators, Thailand’s Finance Ministry raised the country’s 2010 economic growth target to 3.5 percent, in the last days of 2009...

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