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The tax raises the price which the customers pay for the good (unless the absorb the whole tax cost) and lowers the price the producers are effectively selling the good for unless they pass on the whole tax cost. The difference between the two prices remains the same no matter who bears most of the burden of the tax.
The film tax incentive program generated additional Massachusetts state GDP of $168.5 million and personal income of $25.2 million. The cost to the state for the jobs created by the film tax credit program was $324,838/FTE job.
Taxation of costs is a ministerial function performed by a court upon the resolution of case. It involves entering the various costs and their amounts against the party (either the claimant or defendant ) against whom those costs have been awarded by the court.
Reducing tax rates can lower the marginal efficiency cost of taxation. Lower tax rates will thus lower the disincentives created by taxation and lower the deadweight loss allowing higher investment and economic activity. Conversely, reducing tax rates too much may lead to insufficient revenue generation, which could negatively impact public ...
The actual cost to produce Pixels, or the "grand total", was $129.6 million and the net budget for Sony came to $111 million after they received a government rebate in Canada that covered a portion of their gross spend (cost) in the amount of just over $18 million.
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The result is a gap between tax expense computed using income before tax and current tax payable computed using taxable income. This gap is known as deferred tax. If the tax expense exceeds the current tax payable then there is a deferred tax payable; if the current tax payable exceeds the tax expense then there is a deferred tax receivable.
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