Consider, for example, the Grace Commission that in the early 1980s recommended many legislative changes to curb "waste, fraud, and abuse" or the Secretary of the Treasury's "working group" on the worldwide unitary tax
23, 1966), the California Board of Equalization appeared to express a position rejecting the concept of unitary tax
jurisdiction over entities.
While California began routinely applying the unitary tax
in the 1970s, other states have repealed or refused to enact unitary tax
legislation in the past.
He has 30 years of governmental practice in the state of Florida with numerous legislative representations involving Fortune 500 companies, including repeal of the Florida Unitary Tax
, Petroleum Divestiture, complex tax legislation, and environmental Lake Belt rock mining issues.
TNCs might be more prepared to countenance a unitary tax
system if the base rates were lower.
And Congress, despite pressure from various administrations, had refused to outlaw the unitary tax
, she noted.
COT is continuing its involvement in the unitary tax
issue by pressuring the Clinton administration to resolve the issues spotlighted by Barclays Bank's lawsuit against the California Franchise Tax Board for its attempts to retroactively tax the company's U.
companies if the California unitary tax
problem is not resolved by the end of the year.
Under the unitary tax
method, taxes are determined by a percentage of a company's worldwide profits.
Amending the unitary tax
demonstrates to the international business community that the legislature is willing to work cooperatively with the administration to reduce disincentives for Alaskan investments.
excludes the effect of the adoption of a unitary tax
in the District of Columbia.
For unitary tax
purposes the nexus standard is the same as for separate entities.