Search results
This chapter provides a review of research on tax behavior from the perspective of behavioral economics and economic psychology. It is structured into three main sections: rational and irrational decision-making; social representations about taxes; and finally the interaction between tax authorities and taxpayers. The section on decision-making discusses rational choice and tax payments ...
Define Unitary State Tax. means, with respect to each State, any income or franchise Tax payable with respect to a group of at least two corporations and based upon a group apportionment percentage.
Define Unitary Tax. means a state Income Tax that reflects the combined and/or consolidated tax reporting (either on a domestic or worldwide basis) of a corporation and its Affiliates and that is imposed by that state either (i) on its apportioned and/or allocable share of the net income of a taxpayer and its United States Affiliates that are ...
Apr 8, 2010 · Worldwide unitary taxation came under assault in the 1980s and 1990s. In recent years, unitary combined reporting has seen a resurgence, as Vermont (2006), New York (2007), Michigan and Texas (2008), and Massachusetts, West Virginia, and Wisconsin (2009) have jumped on the bandwagon. Although "worldwide unitary combined reporting" was upheld ...
noun [ C or U ] TAX uk us. Add to word list. in the US, a type of business tax that is based on the total income of a large company, rather than on the profits made by a part of that company in one state. (Definition of unitary tax from the Cambridge Business English Dictionary © Cambridge University Press) Examples of unitary tax. unitary tax.
unitary state, a system of political organization in which most or all of the governing power resides in a centralized government, in contrast to a federal state. A brief treatment of the unitary state follows. For additional discussion, see Political system: Unitary nation-states; federation; confederation.
- The Editors of Encyclopaedia Britannica
People also ask
What is unitary state income tax?
What does a unitary state do?
How does the unitary method work?
Why did the Supreme Court impose a unitary tax on multinational corporations?
METHOD. After the constitutionality of the unitary method as applied to multistate corporations was thus established, states began to use this method to tax the income of multinational corporations.14 In this new context, the focus of the Court's scrutiny shifted from interstate commerce to international commerce.
