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revenue sharing |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.06 sec. |
revenue sharingFunding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. Laws determine the formulas by which revenue is shared, limiting the controls that the unit supplying the money can exercise over the receiver and specifying whether matching funds must be supplied by the receiver. Forms of revenue sharing have been used in several countries, including Canada, India, and Switzerland. From 1972 to 1986 the U.S. pursued a revenue-sharing program in which state and local governments received federal funds to spend as they saw fit. |
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Despite Thursday being the fourth owners meeting in six months devoted to revenue sharing and labor issues, they show few signs of being resolved soon. the owners were focused on broader issues, such as revenue sharing and collective bargaining. Uncovering all plan expenses and offsetting revenue sharing agreements can be best accomplished through an open architecture 401(k) plan structure, according to Edward Heintzberger, president of The Heintzberger Company, plan administration consultants in Portland, Ore. |
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