Definitions for tax reform
tax re·form

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1. Tax reform

   Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system more understandable or more accountable. Numerous organizations have been set up to reform tax systems worldwide, often with the intent to reform income taxes or value added taxes into something considered more economically liberal. Other reforms propose tax systems that attempt to deal with externalities. Such reforms are sometimes proposed to be revenue-neutral, for example in revenue neutrality of the FairTax, meaning they ought not result in more tax or less being collected. Georgism claims that various forms of land tax can both deal with externalities and improve productivity.

How to pronounce tax reform?

1. Alex

   US English

   David

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   Mark

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   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

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   Neerja

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   Zira

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   British

   Wendy

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How to say tax reform in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tax reform in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of tax reform in Pythagorean Numerology is: 3

Examples of tax reform in a Sentence

1. President Trump:

   House and Senate Republican leaders were hoping to be united on tax reform to avoid a repeat of this summer’s ObamaCare repeal debacle. But that plan will be put to the test as the Senate prepares to unveil its version of the tax bill, which reportedly could eliminate popular state and local tax deductions and include additional changes from the House bill. Any big differences between the competing bills could slow or sideline the legislation, though leaders are aiming for swift passage.‘We did things differently this time because of the health care experience,’ House SpeakerPaul Ryantold Fox News on Sunday. ‘We worked with the Senate ahead of time, from the summer on, to put this bill together.’ Senate Republican leaders reportedly are considering the elimination of the state-and-local tax deductions, while the House is pushing only for a partial rollback and still deliberating in committee.

2. Paul Ryan:

   Obviously we’re in favor of repealing the individual mandate, but we didn’t want to needlessly complicate the passage of tax reform, so we want to see the Senate go first and see if they can get that done and then we’ll discuss whether or not it gets included at the end [in conference].

3. Lindsay Walters:

   As part of Tax Reform 2.0, the first elements of which were passed the House in September, The President would like to see an additional tax cut of 10 % for middle-income families.

4. Will Burr:

   Repeal of the individual AMT has been a fundamental element of Republican tax reform campaign promises for years, by leaving the individual AMT in place, we would be punishing hardworking Americans and doing virtually nothing to simplify the tax code.

5. Jared Kushner:

   It was truly a pleasure to work with Shahira on so many important issues including the historic tax reform package and criminal justice reform, her ability to navigate the politics on Capitol Hill will be greatly missed here at White House.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Tax_Reform