US Edition$1.2b in Revenue From Taxes
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3 Articles
What is happening? Some taxes have brought more money to the budget, but the collection of other taxes has retreated. It makes sense: at the macro level, increasing the tax burden does not produce the expected effects; the state collects more money from where it raised taxes, but the economy feels the depressive effect and, as a result, pays less money to the budget through the remaining taxes. Specifically, the government now collects more mon…
By Luisa García Pelatti The Department of Finance raised $5,777,4 million between January and May of this year, $43.0 more than in the same period last year, according to figures from the Department of Finance. Revenues in the first five months of the year grow driven by contributions on the income of individuals (18.1%) and arbitrios (3.7%). In the first 11 months of the current fiscal year, revenues grew 1.1%, up to $11,994.7 million, surpassi…
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