A spokesman said: "Faced with severe funding pressures, many councils feel they are being left with little choice but to ask residents to pay more." The boost to Wolverhampton Council's council
tax income follows an average hike of 5.9 per cent on residents' tax bills in April.
Tax income decrease was explained by the shadow economy, which is estimated at more than 30%.
"The Committee has postponed the new
tax income draft law approval until tomorrow [Tuesday] in order for the general session to discuss the budget for the Financial Year 2013-2014," said Kamal Beshara, a member of the Committee.
Over the whole first quarter,
tax income was up 3.4 percent at 135.1 billion euros.
The scientific literature excludes the factors that determine the economic stability in the country: stock prices in the market, slowdown of investment processes, the level of unemployment and inflation, public debt, changes of social payments, budget deficit that occurs because of reduced
tax income. The reduction of stock prices conditions the decrease of investment to the securities, too.
Swedish construction group Peab AB (OMX Stockholm:PEAB B) announced on Monday (26 January) that it will report a
tax income of SEK370m in the fourth quarter 2008.
The government is targeting provincial sales
tax income, the largest tax revenue stream available to it, to rise to Rs151.6 billion during the fiscal.
Tax income amounted to 83.895 billion, customs income - 34.28 billion soms, non-tax income - 10.455 billion soms.
The boost to Dudley Council's council
tax income follows an average hike of 5.7 per cent on residents' tax bills in April.
The increase in provincial
tax income, which is already falling behind the target for the present financial year, has become even more imperative as the Usman Buzdar government is reported to have agreed to contribute three per cent of the province's share from the federal divisible tax pool every year to fund the development and other needs of the erstwhile Fata region from this fiscal year.
(6) See Mills and Plesko, "Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and
Tax Income," MIT Sloan Working Paper No.
Although the female headed single parent family after
tax income was about $29,081 or about 8.4 percent more than in 1999, it was still lower than the average $39,983 after
tax income of male headed single families.
