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TAX CREDITS ARE EXPENSIVE WAY OF ACHIEVING LITTLE: AUSTRALIAN PM.
CANBERRA, March 3 Asia Pulse - Tax credits were an expensive means to sometimes achieving little, Prime Minister John Howard said yesterday.
His comments follow reports that Treasurer Peter Costello told cabinet last week he would veto any use of tax credits to address problems in the economy.
"Tax credits are a very expensive way of sometimes achieving very little," Mr Howard told Channel Nine.
He said one of the reasons why tax credits seemed to work in the United States, which was quoted as an example, was that the welfare system in the US was more stingy than Australia's, and the US was left with no alternative.
"The American welfare system is too harsh. One of the good things about Australia is that we're not as paternal and expensive as the Europeans but we're not as harsh ...
- AUSTRALIAN TAX CREDITS ON VEHICLES KICKSTARTED MARKET: TOYOTA.
- News wire article from: AsiaPulse News November 13, 2001 700+ words
ADELAIDE, Nov 13 Asia Pulse - The Australian government's Budget decision to allow the early introduction of tax credits for commercial vehicles had helped kickstart...for A$51,590 (US$26,816.48). ASIA PULSE \
- PHILIPPINES DEPT OF FINANCE TO INCREASE CORPORATE TAX CREDITS.
- News wire article from: AsiaPulse News July 27, 2001 700+ words
MANILA, July 27 Asia Pulse - The Philippines' Department...endeavour to provide more tax credits to corporate clients. This...approval and processing of tax credits. Under this program,an...processed P516 million worth of tax credits which which case of P198 million...
- US Senate reported to have removed canneries tax credits from new legislation.
- News wire article from: PAC - Pacific Islands Broadcasting Association January 4, 2008 700+ words
...included a one-year extension of 30A tax credits for American Samoas canneries as well...bill passes, with the extension, the tax credits will be retroactive, just like the...canneries wont lose any money. (THROUGH ASIA PULSE)
- Gov't Mulling Extension of Tax Credits for Capital Spending.
- News wire article from: YON - Yonhap News Agency of Korea April 27, 2004 700+ words
...investments will expire on June 30. Under the scheme, companies are given tax credits amounting to 15 percent of their capital expenditures. "With the...session opens in June because tax laws should be revised. (THROUGH ASIA PULSE)
- S KOREAN GOVT MULLING EXTENSION OF TAX CREDITS FOR CAPITAL SPENDING.
- News wire article from: AsiaPulse News April 28, 2004 700+ words
SEOUL, April 28 Asia Pulse - The government is pushing for the extension of a tax credit scheme...will expire on June 30. Under the scheme, companies are given tax credits amounting to 15 per cent of their capital expenditures. "With...
- JAPAN GOVT SPLIT ON WHETHER TO KEEP CORPORATE TAX CREDITS.
- News wire article from: AsiaPulse News April 22, 2005 700+ words
TOKYO, April 22 Asia Pulse - Whether to extend 600 billion yen (US$5.6 billion) in corporate tax breaks for information-technology-related investment...
- UK GOVERNMENT: Tax credits regulations published >T.
- Press release article from: M2 Presswire December 6, 1999 700+ words
...6 December 1999-UK GOVERNMENT: Tax credits regulations published (C)1994-99...Parliament covering the scheme for the tax credits to be paid to employees through the...and for people with disabilities. The tax credits were introduced on 5 October and are...
- Turning tax credits into cash to build; How affordable housing gets that...
- Magazine article from: Crain's Detroit Business Henderson, Tom August 21, 2006 700+ words
...the debt. But by bundling and selling tax credits, projects can be built using 80 percent...and state governments offer a variety of tax credits, including state single-business-tax credits, historic tax credits, state brownfield...
