The motivation for competing over statutory tax rates
, rather than just effective tax rates, is that behavioral responses among businesses are multidimensional.
Summary Statistics Variable Full Sample Homestead Mea SD Mean SD Delinquent (yes = 1, 0.542 0.498 0.410 0.493 no = 0) Delinquent Amount 1,115 1,401 712.2 1,172 No Tax Enforcement 0.181 0.385 0.212 0.415 (yes = 1, no = 0) Police Response Time 47.41 8.053 48.01 7.718 (minutes) Homestead Property 0.492 0.500 -- -- (yes = 1, no = 0) Statutory Tax Rate
64.85 19.25 55.04 14.72 (tax payment/SEV) Taxable Value ($1,000s) 21.58 11.14 22.89 11.75 Years Owned 10.07 6.148 11.81 5.527 Assessment Ratio 10.41 3.892 11.37 3.682 Detroit Owner (yes = 1, 0.778 0.415 -- -- no = 0) Size (per 1,000 sq.
Singapore imposes a corporate statutory tax rate
of 17% and offers a productivity and innovation credit that allows a 400% superdeduction on certain qualifying R&D expenses up to SGD $400,000; 100% and 150% superdeductions on certain expenses above SGD $400,000; a nontaxable cash payout option for up to SGD $100,000 of qualifying expenditures; and a tax deferral option.
The Republican Party has recommended lowering the federal corporate income statutory tax rate
to 25%, three percentage points lower than the Democrats' proposal (Romney Campaign, 'Believe in America," September 2011).
Contents Top Tax Rates Since 1945 Top Statutory Tax Rates
and the Economy Methods Saving and Investment Productivity Growth Real Per Capita GDP Growth Top Statutory Tax Rates
and the Distribution of Income Concluding Remarks Appendixes Appendix.
Despite differences in the levels and amounts of reported book and taxable income across time, the figures reporting aggregate financial statement and taxable incomes across statutory tax rate
brackets appear quite similar, regardless of the income measure under examination; the highest amount of aggregate income (financial statement or taxable income) is concentrated in the 35-percent statutory tax bracket (taxable income over $18.3 million).
Consider the NOPLAT projections of a firm with one operating company, OpCo, that has 100 [euro] Net Operating Profit, 30-percent Statutory Tax Rate
, and a growth rate of 5 percent per year.
In contrast to statutory tax rates
, Graham's simulated tax rates do account for the uncertainty of tax shield usability.
and accompanying reductions in statutory tax rates
are roughly a wash in
Statutory corporate tax rates 2007 2008 Municipal multiplier 200 400 490 200 400 490 Composite statutory tax rate
33.1 38.7 40.9 22.8 29.8 33 Table 2.2.
Higher tax allowances for children and reductions in personal income taxes account for about two thirds of the tax reductions, with corporate tax relief accounting for the remainder statutory tax rate
, which is only partly offset by a widening of the tax base (see below).
If the loss carryovers would be absorbed by domestic profits in future years, such that the export profits merely accelerate the absorption of loss carryovers, the MTR on such profits would be lower than the statutory tax rate
otherwise applicable, but not zero.