tax

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tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
References in periodicals archive ?
A new study conducted by NERA Economic Consulting, and commissioned by the National Association of Manufacturers, says new ozone regulations would cost Arkansas thousands of jobs per year and hundreds of millions of dollars in compliance costs.
Given the breadth of Dodd-Frank regulations and the plethora of regulated entities issuing them, it is no real surprise that there is no set hourly wage used for estimating the law's compliance costs.
Ponemon found that smaller-sized organisations were susceptible to a proportionally high rate of compliance costs associated with the storage of unstructured information.
While compliance cost varies with organizational headcount, company size does affect the cost burden of compliance with smaller-sized organizations susceptible to a proportionally high rate of compliance costs associated with the storage of unstructured information.
6% of respondents said their compliance costs will probably go up, while 16.
This collection of papers was prepared following the joint conference on Compliance Costs in an Enlarged European Union, held June 6-8, 2006, in Rust, Austria.
While overall SOX compliance costs have "plateaued" Foley said the out-of-pocket costs facing public companies increased between FY 2005 and FY 2006, driven by increased audit fees, board compensation, and legal fees.
For payment card reimbursements, compliance costs would include (1) merging separately stored taxpayer and merchant identification numbers, especially in the case of multiple locations or franchises; and (2) more generally, new systems and added service requirements.
Other studies suggest compliance costs may be 50 percent higher than these estimates.
The Government also recognizes that compliance costs are potentially a serious constraint on entrepreneurship and economic growth (Ministerial Panel 2001, Cullen, Swain and Wright 2001).
The survey concludes that changing tax rates and rules and expensive manual processes are key drivers of compliance costs.
Mortgage operations are reeling from elevated compliance costs these days.

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