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Mar 1, 2001 · In contrast, changes in unitary state tax rates can result in significant resource changes in both the unitary state and in other states. The finding that tax rate cuts are ineffective in nonunitary states implies that these states may be more successful in attracting investment by changes affecting apportionment factors (tax credits for new ...
Consider an economic example. Cigarette taxes are an example of a “sin tax,” a tax on something that is bad for you, like alcohol. Governments tax cigarettes at the state and national levels. State taxes range from a low of 17 cents per pack in Missouri to $4.35 per pack in New York. The average state cigarette tax is $1.69 per pack.
1 (technology) (of a country or an organization) consisting of a number of areas or groups that are joined together and are controlled by one government or group a single unitary state
Apr 17, 2009 · According to the Wisconsin Legislative Fiscal Bureau, combined reporting, along with sourcing, tax administration, and related party transactions, which are other Act 2 provisions, will increase state income and franchise tax revenues by an estimated $27.7 million in 2008 – 2009, $75.6 million in 2009 –2010, and $111.7 million in 2010 ...
The key point in determining the state income tax for a company conducting interstate commerce is how the unitary business concept applies to the computation of taxable income. For example, the apportionment of income between business and non-business income typically depends upon how a state applies the unitary business concept.
A unitary business is a company that has branches or offices in different states or countries. When it comes to paying state income tax, the company calculates how much of its subsidiary's income is earned within each state and pays taxes on that amount. This helps ensure that the company is paying its fair share of taxes in each location where ...
The definition of a unitary business has figured prominently in several recent decisions of the U.S. Supreme Court on the constitutionality of state corporate income taxes. This paper employs economic analysis to frame a three part test of whether a unitary business exists. Underlying the tests is the notion that a unitary business exists when separate accounting can not satisfactorily isolate ...
