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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 taxation. a system of TAXATION operated by a country that taxes a foreign-owned MULTINATIONAL ENTERPRISE on a predetermined proportion of its total worldwide income, rather than on the income which the multinational actually earned within that country.
Apr 8, 2010 · Unitary combined reporting, income apportionment, and State tax jurisdiction can present surprising consequences for foreign corporations. As illustrated by Wisconsin, State unitary tax regimes can also produce constitutionally suspect results.
Sep 26, 2017 · The unitary state income tax is a means by which certain states regulate the collection of income in the form of taxes from companies that do interstate commerce or file consolidated tax returns. While the regulation and requirements vary greatly among states, some generalities may be used to explain the concept. Unitary Returns.
From Longman Business Dictionary ˈunitary tax [ countable, uncountable] in the US, a state tax calculated on a company’s profits all over the world, not just on activities in that state California’s unitary tax system bases a company’s tax on worldwide earnings. → tax.
Feb 2, 2022 · A unitary state, or unitary government, is a governing system in which a single central government has total power over all of its other political subdivisions. A unitary state is the opposite of a federation, where governmental powers and responsibilities are divided.
