tax base

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Related to Tax Bases: tax avoidance, Tax burden
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Words related to tax base

collective value of taxable assets

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199 deduction, requiring an addback to the state tax base.
The DOR ruled (51) that a manufacturer is required to add back property taxes it had expensed and deducted for Federal income tax purposes, to compute its state adjusted gross income tax base.
010, explaining which state taxes have to be added back in computing the corporate income tax base.
97, which identifies specific state taxes that have to be added back to Federal taxable income in computing the corporate tax base.
In respect of using IAS for company tax purposes, TEI is pleased to submit the following written comments on the Consultation Document, The application of International Accounting Standards (IAS) in 2005 and the implications for the introduction of a consolidated tax base for companies' EU-wide activities issued in February 2003 ("Consultation Document").
The Consultation Document acknowledges that IAS accounts would serve, at most, as a starting point for arriving at a tax base and not the tax base itself.
One example highlighting the importance of such an approach would be using consolidated accounts after the elimination of intercompany transactions as a common tax base.
Of critical importance, according to Justice Breyer, was that Alabama law defined a domestic corporation's tax base as including only one item--the par value of capital stock--which a domestic company could set at whatever level it chose.
There was a marked difference in the components of the franchise tax base for domestic and foreign corporations.
State and local governments will use common tax bases and accept responsibility for notice of rate and boundary changes.
The work group examining tax bases and exemptions researched the use of exemption certificates and recommended:
Phase Two of the Project, which is expected to last throughout 2001, will address the development of additional uniform tax base definitions, the uniform tax return, and any recommended modifications to the model legislation arising from the conduct of the certified service provider pilot project.
The Task Force also reached a consensus that the tax effects of all changes in the tax bases of assets and liabilities caused by transactions among or with shareholders should be included in equity.
2) should the tax effects of all changes in the tax bases of assets and liabilities caused by transactions among or with shareholders be included in equity?
Accordingly, if both the LLC and its owners are taxable in Florida, the LLCs income is subject to double taxation--the LLC itself is subject to Florida tax and the LLCs income is included in the corporate owners' Florida tax base.