Author: Georgia. Office of the State Tax Commissioner
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 28
Book Description
Brief Report Upon the Operation and Administration of the Gross Receipts Tax and the Income Tax
Report Upon the Operation and Administration of the Gross Receipts Tax and the Income Tax, Jan. 2, 1931
Author: Georgia. Office of State Tax Commissioner
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Book Description
Looseleaf Regulations System
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Internal revenue law
Languages : en
Pages : 32
Book Description
The IRS looseleaf regulation system is a compilation of all regulations issued by the Service, except those relating to alcohol, tobacco, firearms and tax conventions.
Publisher:
ISBN:
Category : Internal revenue law
Languages : en
Pages : 32
Book Description
The IRS looseleaf regulation system is a compilation of all regulations issued by the Service, except those relating to alcohol, tobacco, firearms and tax conventions.
Investigation of the Bureau of Internal Revenue
Author: United States. Congress. Joint Committee on Internal Revenue Taxation
Publisher:
ISBN:
Category :
Languages : en
Pages : 76
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 76
Book Description
Internal Revenue Acts of the United States, 1909-1950
Author: Bernard D. Reams (Jr.)
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 1986
Book Description
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 1986
Book Description
The Corporate Income Tax System
Author: Mark P. Keightley
Publisher: Createspace Independent Publishing Platform
ISBN: 9781480166615
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Many economists and policymakers believe that the U.S. corporate tax system is in need of reform. There is, however, disagreement over why the corporate tax system needs to be reformed, and what specific policy measures should be included in a reform. To assist policymakers in designing and evaluating corporate tax proposals, this report (1) briefly reviews the current U.S. corporate tax system; (2) discusses economic factors that may be considered in the corporate tax reform debate; and (3) presents corporate tax reform policy options, including a brief discussion of current corporate tax reform proposals. The current U.S. corporate income tax system generally taxes corporate income at a rate of 35%. This tax is applied to income earned domestically and abroad, although taxes on certain income earned abroad can be deferred indefinitely if that income remains overseas. The U.S. corporate tax system also contains a number of deductions, exemptions, deferrals, and tax credits, often referred to as "tax expenditures." Collectively, these provisions reduce the effective tax rate paid by many U.S. corporations below the 35% statutory rate. In 2011, the sum of all corporate tax expenditures was $158.8 billion. The significance of the corporate tax as a federal revenue source has declined over time. At its post-WWII peak in 1952, the corporate tax generated 32.1% of all federal tax revenue. In 2010, the corporate tax accounted for 8.9% of federal tax revenue. The decline in corporate revenues is a combination of decreasing effective tax rates, an increasing fraction of business activity that is being carried out by pass-through entities (particularly partnerships and S corporations, which are not subject to the corporate tax), and a decline in corporate sector profitability. A particular aspect of the corporate tax system that receives substantial attention is the 35% statutory corporate tax rate. Although the U.S. has the world's highest statutory corporate tax rate, the U.S. effective corporate tax rate is similar to the Organization for Economic Co-operation and Development (OECD) average. Further, the U.S. collects less in corporate tax revenue relative to Gross Domestic Production (GDP) (1.9% in 2009) than the average of other OECD countries (2.8% in 2009). This report discusses a number of economic considerations that may be made while evaluating various corporate tax reform proposals. These might include analyses of the likely effect on households of certain reforms (also known as incidence analysis). Policymakers might also want to consider how certain corporate tax provisions contribute to the allocation of economic resources, choosing policies that promote an efficient use of resources. Other goals of corporate tax reform may include designing a system that is simple to comply with and administer, while also promoting competitiveness of U.S. corporations. Commonly discussed corporate tax reforms include policies that would broaden the tax base (i.e., eliminate tax expenditures) to finance reduced corporate tax rates. Concerns that the U.S. corporate tax system inefficiently imposes a "double tax" on corporate income has led some to consider an integration of the corporate and individual tax systems. The treatment of pass-through income-business income not earned by C corporations-has also received considerable attention in tax reform debates. How the U.S. taxes income earned abroad, and the possibility of moving to a territorial tax system, have emerged as important issues. Both the Obama Administration and the House Committee on Ways and Means Chairman David Camp have released tax reform proposals that would change the current tax treatment of U.S. multinationals.
Publisher: Createspace Independent Publishing Platform
ISBN: 9781480166615
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Many economists and policymakers believe that the U.S. corporate tax system is in need of reform. There is, however, disagreement over why the corporate tax system needs to be reformed, and what specific policy measures should be included in a reform. To assist policymakers in designing and evaluating corporate tax proposals, this report (1) briefly reviews the current U.S. corporate tax system; (2) discusses economic factors that may be considered in the corporate tax reform debate; and (3) presents corporate tax reform policy options, including a brief discussion of current corporate tax reform proposals. The current U.S. corporate income tax system generally taxes corporate income at a rate of 35%. This tax is applied to income earned domestically and abroad, although taxes on certain income earned abroad can be deferred indefinitely if that income remains overseas. The U.S. corporate tax system also contains a number of deductions, exemptions, deferrals, and tax credits, often referred to as "tax expenditures." Collectively, these provisions reduce the effective tax rate paid by many U.S. corporations below the 35% statutory rate. In 2011, the sum of all corporate tax expenditures was $158.8 billion. The significance of the corporate tax as a federal revenue source has declined over time. At its post-WWII peak in 1952, the corporate tax generated 32.1% of all federal tax revenue. In 2010, the corporate tax accounted for 8.9% of federal tax revenue. The decline in corporate revenues is a combination of decreasing effective tax rates, an increasing fraction of business activity that is being carried out by pass-through entities (particularly partnerships and S corporations, which are not subject to the corporate tax), and a decline in corporate sector profitability. A particular aspect of the corporate tax system that receives substantial attention is the 35% statutory corporate tax rate. Although the U.S. has the world's highest statutory corporate tax rate, the U.S. effective corporate tax rate is similar to the Organization for Economic Co-operation and Development (OECD) average. Further, the U.S. collects less in corporate tax revenue relative to Gross Domestic Production (GDP) (1.9% in 2009) than the average of other OECD countries (2.8% in 2009). This report discusses a number of economic considerations that may be made while evaluating various corporate tax reform proposals. These might include analyses of the likely effect on households of certain reforms (also known as incidence analysis). Policymakers might also want to consider how certain corporate tax provisions contribute to the allocation of economic resources, choosing policies that promote an efficient use of resources. Other goals of corporate tax reform may include designing a system that is simple to comply with and administer, while also promoting competitiveness of U.S. corporations. Commonly discussed corporate tax reforms include policies that would broaden the tax base (i.e., eliminate tax expenditures) to finance reduced corporate tax rates. Concerns that the U.S. corporate tax system inefficiently imposes a "double tax" on corporate income has led some to consider an integration of the corporate and individual tax systems. The treatment of pass-through income-business income not earned by C corporations-has also received considerable attention in tax reform debates. How the U.S. taxes income earned abroad, and the possibility of moving to a territorial tax system, have emerged as important issues. Both the Obama Administration and the House Committee on Ways and Means Chairman David Camp have released tax reform proposals that would change the current tax treatment of U.S. multinationals.
Report of the Special Commission on Revenue and Taxation, 1914
Author: Nebraska. Special Commission on Revenue and Taxation
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 260
Book Description
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 260
Book Description
Report of Committee Appointed Pursuant to S.C.R. No. 17, Legislative Session of 1919
Author: California. Legislature. Special Committee for Investigation of the Finances of the State
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 16
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 16
Book Description
A Treatise on the Federal Corporation Tax Law, Including Therein a Commentary on the Act Itself, an Appendix Containing the Text of the Act, All Rules and Regulations of the Treasury Department, Relating in Any Way to the Act; Text of All Laws Relating to the Collection, Remission and Refund of Internal Revenue; Text Applicable to the Administration of the Federal Corporation Tax Law, and Opinions of the Attorney-general Bearing Upon the Meaning of the Act
Author: Thomas Gold Frost
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 350
Book Description
Considers the corporation tax provisions of the Payne Tariff Act of 1909.
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 350
Book Description
Considers the corporation tax provisions of the Payne Tariff Act of 1909.
Revenue Administration
Author: Federation of Tax Administrators (U.S.)
Publisher:
ISBN:
Category : Tax administration and procedure
Languages : en
Pages : 320
Book Description
Publisher:
ISBN:
Category : Tax administration and procedure
Languages : en
Pages : 320
Book Description