Tax Anticipation Bill

简明释义

美国财政部发行的抵税库券

英英释义

例句

1.When tax collections fell short, the council decided to issue a new Tax Anticipation Bill 税收预期票据 to bridge the gap.

当税收收入不足时，市议会决定发行新的税收预期票据 Tax Anticipation Bill以填补缺口。

2.The city issued a Tax Anticipation Bill 税收预期票据 to cover its expenses until the tax revenues are collected.

该城市发行了一种税收预期票据 Tax Anticipation Bill，以支付其在税收收入到账之前的开支。

3.Investors purchased the Tax Anticipation Bill 税收预期票据 expecting a return once the taxes were paid.

投资者购买了税收预期票据 Tax Anticipation Bill，期待在税款支付后获得回报。

4.The Tax Anticipation Bill 税收预期票据 was sold at a discount, allowing the city to raise funds quickly.

这张税收预期票据 Tax Anticipation Bill以折扣价出售，使城市能够迅速筹集资金。

5.Local governments often rely on Tax Anticipation Bills 税收预期票据 to manage cash flow during slow revenue periods.

地方政府常常依赖于税收预期票据 Tax Anticipation Bills来管理收入缓慢期间的现金流。

作文

The concept of a Tax Anticipation Bill is crucial for understanding how governments manage their cash flow and fiscal responsibilities. A Tax Anticipation Bill refers to a short-term debt instrument issued by a government, typically at the state or local level, in anticipation of future tax revenues. Essentially, it is a way for governments to secure immediate funding based on projected tax collections that have not yet been received. This financial tool allows governments to address current budgetary needs without having to wait for tax payments from citizens and businesses.Governments often face situations where expenditures must be made before tax revenues are collected. For example, public services such as education, healthcare, and infrastructure require consistent funding. When tax revenues are delayed due to various reasons, such as economic downturns or changes in tax policy, a Tax Anticipation Bill becomes an essential mechanism to bridge the gap. By issuing these bills, governments can raise funds quickly to ensure that essential services remain operational and that employees, such as teachers and emergency responders, are paid on time.The process of issuing a Tax Anticipation Bill typically involves a few key steps. First, the government estimates its expected tax revenues for a specific period. Based on this estimate, they determine how much money they need to borrow to cover their expenses until the tax revenues are received. The bills are then sold to investors, who are often attracted by the relatively low risk associated with government-backed securities. Investors purchase these bills in exchange for a promise of repayment, plus interest, once the anticipated tax revenues are collected.One of the advantages of using a Tax Anticipation Bill is that it allows for greater flexibility in managing cash flow. Governments can respond quickly to financial shortfalls without resorting to drastic measures, such as cutting services or laying off staff. Furthermore, because these bills are backed by future tax revenues, they are generally considered safe investments, which can lead to lower interest rates compared to other forms of borrowing.However, there are also risks associated with Tax Anticipation Bills. If the anticipated tax revenues do not materialize as expected—due to economic challenges or changes in tax laws—the government may face difficulties in repaying the borrowed funds. This situation could lead to a cycle of debt, where the government continuously issues new bills to pay off old ones, ultimately jeopardizing its financial stability.In conclusion, a Tax Anticipation Bill serves as a vital financial tool for governments to manage their cash flow effectively. It allows them to access funds in anticipation of future tax revenues, ensuring that essential services continue to operate smoothly. While there are benefits to this approach, it is crucial for governments to carefully assess their revenue projections and maintain fiscal discipline to avoid potential pitfalls. Overall, understanding the role of Tax Anticipation Bills is essential for anyone interested in public finance and the mechanisms that underpin government budgeting and spending.

‘税收预期票据’的概念对于理解政府如何管理现金流和财政责任至关重要。‘税收预期票据’是指政府（通常是州或地方政府）发行的一种短期债务工具，旨在预期未来的税收收入。基本上，它是一种让政府根据尚未收到的预计税收来确保即时资金的方式。这种金融工具使政府能够解决当前的预算需求，而不必等待来自公民和企业的税款。政府常常面临在税收收入被征收之前必须支出的情况。例如，教育、医疗保健和基础设施等公共服务需要持续的资金支持。当由于各种原因（如经济衰退或税收政策变化）导致税收收入延迟时，‘税收预期票据’就成为了弥补这一空白的重要机制。通过发行这些票据，政府可以迅速筹集资金，以确保基本服务保持运转，并及时支付员工的工资，例如教师和急救人员。发行‘税收预期票据’的过程通常涉及几个关键步骤。首先，政府估算特定时期内的预期税收收入。根据这一估算，他们确定需要借款的金额，以覆盖支出，直到税收收入到账。然后，这些票据被出售给投资者，投资者通常被政府担保证券的相对低风险所吸引。投资者以此交换承诺在预期的税收收入到账后偿还本金加利息。使用‘税收预期票据’的一个优点是，它允许在管理现金流时具有更大的灵活性。政府可以迅速应对财务短缺，而无需采取极端措施，如削减服务或裁员。此外，由于这些票据是由未来的税收收入支持的，因此它们通常被视为安全的投资，相较于其他形式的借款可能会导致更低的利率。然而，‘税收预期票据’也存在一定的风险。如果预期的税收收入未能如预期那样实现——由于经济挑战或税法变化——政府可能会面临偿还借款的困难。这种情况可能导致债务循环，政府不断发行新票据来偿还旧票据，最终危及其财务稳定。总之，‘税收预期票据’作为一种重要的金融工具，帮助政府有效管理现金流。它使政府能够在预期的税收收入之前获取资金，确保基本服务的持续运作。尽管这种方法有其好处，但政府必须仔细评估税收预测，并保持财政纪律，以避免潜在的陷阱。总体而言，理解‘税收预期票据’的作用对于任何对公共财政及其背后的政府预算和支出机制感兴趣的人来说都是至关重要的。