Report: Falling Estimated Tax Revenues Bad News for States Used to April Boost
- Corporate Income Tax Collections Shrink. // Bond Buyer;4/4/2002, Vol. 339 Issue 31538, p5
Reports on the decline of the corporate income tax collections in the final quarter in the U.S. Assessment of the tax collections by the analysts; Impact of the result on the national economy; Percentage of state revenues.
- Partial Loss Refundability: How Are Corporate Tax Losses Used? Cooper, Michael; Knittel, Matthew // National Tax Journal;Sep2006, Vol. 59 Issue 3, p651
Using tax return data for1993-2003, we measure how US corporations use tax losses over time. For firms included in our dataset, we find that: (1) approximately 50-60 percent of tax losses are used over a ten-year window as a carryback refund or loss carryforward deduction; (2) approximately...
- The Economics of Corporate Tax Selfishness. Slemrod, Joel // National Tax Journal;Dec2004, Vol. 57 Issue 4, p877
This paper offers an economics perspective on tax evasion and abusive avoidance done by corporations. It first reviews what is known about the extent and nature of corporate tax noncompliance and the resources devoted to enforcement. It then addresses the supply side of aggressive corporate tax...
- GET READY FOR YOUR AUDIT. Duncan, Andy // Commercial Carrier Journal;Mar2006, Vol. 163 Issue 3, p73
Emphasizes the need to prepare for tax audits. Views of Fuel Systems Services President Dave Stock on tax audits; Experiences of trucking veterans who were subjected to tax audits; Tips in preparing for a tax audit. INSET: Paying the price.
- Pay up. Harman, Liz // San Diego Business Journal;9/4/95, Vol. 16 Issue 36, p14
Reports that more than 27,000 California corporations have received tax assessments from the Franchise Tax Board in September 1995 totaling some $600 million for not filing 1993 state income tax returns. Liability for back taxes, interest and penalties of 50%; FTB's launching of a new...
- Taxing. // San Diego Business Journal;9/4/95, Vol. 16 Issue 36, p30
Reports that the California Franchise Tax Board has launched a big campaign to recoup more than $600M owed in taxes by 27,000 corporations. How much is owed by firms in Escondido, Chula Vista, Oceanside and other cities.
- New Jersey Surplus on Track for a $307 Million Increase Through Fiscal 2005. D'Ambrosio, Jill // Bond Buyer;3/31/2004, Vol. 347 Issue 31853, p6
Reports on the role of state income and corporate taxes on the growth of budget surplus in New Jersey. Budget analysis by the Office of Legislative Services; Income tax collection; Predicted increase in corporate business tax revenues.
- Better Than Expected. Shields, Yvette // Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p37
The article reports on the revenue collection of Minnesota after they collected an additional 447 million U.S. dollars than what they have previously forecasted for the fiscal year 2006. The Minnesota Department of Finance stated that the growth was due to the strong income tax collections and...
- Unpaid taxes in a liquidation. // Accountancy;Nov76, Vol. 87 Issue 999, p12
The article reports on a legal case in Great Britain which demonstrates that a tax collector who takes walking possession of properties belonging to firm which owes taxes may sell them and get the full amount due, even if the firm in the meantime has gone into liquidation. The taxman's statutory...