Gardner added: We know workers bear much of the burden of the corporate tax
rate and lowering the corporate tax
rate will lead to bigger paychecks for hardworking Coloradans.
As the average state corporate tax
rate has essentially remained stagnant at between 6 and 7 percent from 1980 to 2012, state corporate tax
revenues have fallen to an average of less than 3 percent of state gross domestic product from nearly 5 percent of state GDP over the same period, according to the study, published in the National Bureau of Economic Research this week.
Constantly debated over the last 10 years, the prospects of a federal corporate tax
and value added tax in the UAE appear to be gaining momentum.
Since joining Grant Thornton from PwC three years ago Mr Foskett has played a significant role in growing the firm's corporate tax
service to West Midlands-based businesses.
Since joining Grant Thornton from PwC three years ago Mr Foskett has helped to grow the firm's corporate tax
service to Midlands businesses.
Comparison of their specific features and the appropriateness of using them in relation to statutory corporate tax
Investors have been scrutinizing whether Japan can substantially lower the corporate tax
rate - among the highest in the world - to spur growth in the world's third-largest economy, Reuters said.
The president wants to lower the US corporate tax
rate from the current 35 per cent, the highest in the world after Japan.
A change to corporate tax
rules could involve the EU setting a minimum corporate tax
rate of more than the 10% charged by Bulgaria, and introduce a new harmonized tax system known as the Common Consolidated Corporate Tax
The decline is part of a package of corporate tax
reforms that the Patrick administration enacted in July 2008, which closed certain loopholes.
The remarks were also thought to be aimed at countering arguments that Kan's Democratic Party of Japan-led government is tilting toward doubling the 5 percent consumption tax rate to cover the revenue shortfall that would result from corporate tax
He said corporate tax
for overseas companies was expected to fall from 35 per cent in Qatar to 10 per cent and in Kuwait from 55 per cent to 15 per cent.