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What is unitary state income tax?
What is a unitary state?
What is a unitary method of taxation?
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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.
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
Sep 26, 2017 · by Betsy Gallup. Published on 26 Sep 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.
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.
Feb 19, 2021 · California bases its taxation upon the “unitary method” which combines the total corporate income of a multi-state or multi-national corporation, then applies a formula designed to determine the total amount of income the corporation realized within California.
Dec 8, 2010 · News Flash: All States Are Unitary States. Each year, many taxpayers file inaccurate corporate income tax returns in separate-reporting jurisdictions because they do not consider the unitary business principle applicable to those states. Although you may find this revelation shocking, the simple fact is that all states are unitary states.
Mar 1, 2001 · 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 capital, or new jobs) or by use of nontax incentives. This content is only available via PDF. American Accounting Association.
