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Unitary Tax

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Unitary Tax
A corporate tax on a corporation's global income. Some countries levy unitary taxes on corporations operating in their borders in order to prevent them from avoiding taxes by transferring income to another country with a low or no corporate tax. See also: Transfer pricing mechanisms, Aggressive accounting.
unitary tax
A state corporate income tax on worldwide income. Although they are unpopular with corporations, unitary taxes are instituted by governments to foil firms that use creative accounting techniques to transfer their income to states or countries with low income-tax rates.
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For unitary tax purposes the nexus standard is the same as for separate entities.
The Michigan business tax: new developments by Copping, B.D.; Miscisin, Amanda; Pohl, Lisa / The Tax Adviser
Indeed, the system employed by the United States--a federal nation--to allocate corporate income to different state governments refrains from including financial income as part of the unitary tax base.
The quest to tax financial income in a global economy: emerging to an ... by Benshalom, Ilan / Virginia Tax Review
With no different type of tax such as sales tax, personal property tax, unitary tax, and state-level real property tax you would be much pleased to see how you can survive for the future.
Delaware Real Estate by Seth Willis Jr. / Real estate industry community
 
 
 
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