Corporate Income Tax Effective Tax Rates Can Differ Significantly From The Statutory Rate(1st Edition)
Authors:
U.S. Government Accountability Office
In Stock
Include with your book
Free shipping: April 03, 2024Popular items with books
Total Price:
$0
Book details
ISBN: 1974235890, 978-1974235896
Book publisher: CreateSpace Independent Publishing Platform
Corporate Income Tax Effective Tax Rates Can Differ Significantly From The Statutory Rate 1st Edition Summary: " Proponents of lowering the U.S. corporate income tax rate commonly point to evidence that the U.S. statutory corporate tax rate of 35 percent, as well as its average effective tax rate, which equals the amount of income tax corporations pay divided by their pretax income, are high relative to other countries. However, GAO's 2008 report on corporate tax liabilities (GAO-08-957) found that nearly 55 percent of all large U.S.-controlled corporations reported no federal tax liability in at least one year between 1998 and 2005. Given the difficult budget choices Congress faces and its need to know corporations’ share of the overall tax burden, GAO was asked to assess the extent to which corporations are paying U.S. corporate income tax. In this report, among other things, GAO (1) defines average corporate ETR and describes the common methods and data used to estimate this rate and (2) estimates average ETRs based on financial statement reporting and tax reporting. To conduct this work, GAO reviewed economic and accounting literature, analyzed income and expense data that large corporations report on the Schedules M-3 that they file with Internal Revenue Service (IRS), and interviewed IRS officials. "
Customers also bought these books
The EBay Sellers Tax And Legal Answer Book Everything You Need To Know To Keep The Government Off Your Back And Out Of Your Wallet - 1st Edition
Cliff Ennico
ISBN: 081447425X, 978-0814474259
$0 $6.05Frequently Bought Together
Dying With Confidence A Tibetan Buddhist Guide To Preparing For Death - 1st Edition
Anyen Rinpoche
ISBN: 0861716566, 978-0861716562
$0 $15.43
Operations and Supply Chain Management - 8th edition
Roberta S. Russell
ISBN: 978-1-118-7999, 9781118800188, 1118738543, 1118800184, 978-1118738542
$0 $232.00
?Calissa Offshore Tackle Slow Pitch Jigs W/ Flat Slow Pitch Jigging Fall Vertical Jigging -
?Calissa Offshore Tackle
ISBN: B0B1S8HDYL
$0 $75.00
A Following Sea Mystery And Suspense Series -
Michael Lindley
ISBN: 179160837X, 978-1791608378
$0 $14.99Top Reviews for Books
