Posts Tagged ‘tax increase’

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Mexico’s government cut its 2014 growth forecast after the economy recovered less than analysts estimated in the first quarter, held back by weak export demand and a tax increase that sapped consumer confidence.

About 400,000 taxpayers earning more than $180,000 will pay an extra 2 per cent tax as the government breaks a pre-election promise not to raise taxes, with the introduction of a ”temporary budget repair levy” for three years.

From 2015 the basis for paying the fixed agricultural tax will the indexed pecuniary appraisal of one hectare of land (arable land, hayfield, pastures and perennial plantings) for the start of the reporting period.

The 40p rate is a “tax on aspiration” that is damaging the economy and discouraging middle-class workers from advancing their careers, business leaders have warned.

LONDON – Large businesses in the UK have indeed been paying less taxes in recent years, however, their overall contribution to the budget and society has been growing significantly.

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