The commission has also proposed to the government that for the next five years, the FBR should deploy 50% of the workforce to territorial jurisdiction for broadening the tax base
to take concrete measures.
Further, based on the research of Ruding's Committee, the European Commission also proposed uniform tax base
rules and a maximum corporate tax rate of 40%.
The government's top ranking advisors - Arvind Subramanian, Chief Economic Advisor, Ministry of Finance, and Arvind Panagariya, Vice Chairman, NITI Aayog - are, however, both in agreement when it comes to the easiest solution to expand tax base
: Implementation of GST.
After exploring the advantages and disadvantages of tax-base conformity, this Article argues that the most important tool for mitigating the adverse impact of federal-state tax-base conformity is states' ability to deviate from the federal tax base
. Because no law obliges states to conform to the federal tax base
, states may terminate conformity at any time.
statute should control the determination of the tax base
and that the tax base
must meet the gross receipts and net income requirements of Regs.
The "Common Consolidated Corporate Tax Base
" system involves consolidated determining of taxable companies with cross-border activity income, as accounting rules.
Cross-border companies currently have to deal with up to 27 different tax administrations when calculating their tax base
. The system for determining how intra-group transactions are taxed, known as transfer pricing, is also highly complex.
Reports said a proposal discussed in the EU on Monday calls for a common consolidated corporate tax base
in the coming weeks.
Following on Erosion of the Property Tax Base
, which documents the trends and causes of the decline in the local property tax base
, economists and political analysts explain the effects of the decline, and particularly emphasize that the autonomy of local governments depends on their access to a strong, vibrant local property tax.
[section] 105-122(b2), added by section 27B.2.(d) of the Bill, provides that noncorporate business entities must compute their franchise tax base
by combining the capital accounts of their owners computed in accordance with generally accepted accounting principles.
Each year, the commercial and industrial tax base
shrinks, increasing the burden on both residents and businesses alike.
The report's absence of a specific reference to one of the main tax issues under discussion in Europe (the future creation of a Common Consolidated Corporate Tax Base
) is probably symptomatic of the sharp divergences between the national delegations sitting in the EPP.