The minimum requirement of justice is to devise global rules that ensure that national tax systems remain capable of implementing distributive justice as they see fit Finally the article presents and discusses a concrete proposal for the global governance of business tax competition, namely, unitary taxation with formula apportionment Keywords: tax, global taxation, global governance.
Specifically, I outline a policy proposal to address the problem of business tax competition; namely, unitary taxation with formula apportionment (UT+FA).
The results for the related hearings were transmitted to President Reagan on July 31, 1984, in the Chairman's Report On The Worldwide Unitary Taxation
Working Group: Activities, Issues and Recommendations.
Bertino has more than 20 years of experience in state income tax issues, including multistate income franchise taxes, jurisdiction to tax, tax base, apportionment of income, unitary taxation
, business/non-business income, state filing options and federal and state income tax incentives.
These changes include nexus defined for MBT purposes, unitary taxation
under the MBT, small business provisions, the MBT surcharge, and an MBT credits update.
A number of states have implemented unitary taxation
in which, the firm is taxed on a worldwide taxation system.
For companies operating subsidiaries in foreign countries, the issue of unitary taxation
must be considered.
He was also staff director of the Working Group on Worldwide Unitary Taxation
appointed by Treasury secretary Donald Regan at Reagan's request.
As a general rule, California utilizes the worldwide method of unitary taxation
, under which all the worldwide activities (i.
Government will now undoubtedly maintain its right to retaliate, but we're not expecting it to launch immediate broadsides; mind you, its guns may not remain spiked for long if other states move towards unitary taxation
Over the years he has become well known for his defense of federalism, worldwide unitary taxation
, and a two-factor business income test.
In yet another instance, eight excellent state tax services are accessible for material on unitary taxation