Lanterna Rally

Author: U. S. Department of the Treasury

Publisher: Forgotten Books

Published: 2018-02-16

Total Pages: 74

ISBN-13: 9780656705542

Excerpt from The Chairman's Report on the Worldwide Unitary Taxation Working Group: Activities, Issues, and Recommendations; July, 1884 State governments in the United States have traditionally used formula apportionment to determine an individual state's share of the taxable income of a single corporation that operates a unitary business across state or national borders. Under this approach, a portion of the income of the corporation is attrib uted or apportioned to the taxing state on the basis of rela tive levels of business activity. If, for example, 10 percent of the corporation's total business activities (generally measured by payroll, property, and sales) occur in a particular state, then 10 percent of the corporation's total income would be sub ject to that state's corporate income tax. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.