State Taxation of Business: Issues and Policy Options

by Thomas F. Pogue (Editor)

Overview

This volume is the first book-length treatment of state-level business tax issues. It addresses three broad questions: (1) How should businesses be taxed? (2) How does present practice compare with and depart from this prescription? and (3) How can present practice be improved? The contributors to the volume analyze these issues from a variety of perspectives, presenting a cross section of current thinking about states' business tax policies.

The work provides a conceptual framework for defining business taxes, measuring their levels and consequences, comparing interstate differences in business tax practices, and evaluating alternative business tax policies. It presents data showing current levels, trends, and interstate differences in business taxation. And it examines the political and economic rationales for taxing business and the implications of those rationales for tax policy. This analysis will be of interest to scholars and practitioners in taxation, public economics, and business finance.

Product Details

ISBN-13:	9780275941253
Publisher:	Bloomsbury Academic
Publication date:	12/04/1992
Pages:	360
Product dimensions:	6.14(w) x 9.21(h) x 0.81(d)

About the Author

THOMAS F. POGUE is Professor of Economics at the University of Iowa. His research on tax policy is widely published in professional jourbanals. He has also served as a consultant to numerous state and local governments on questions of tax policy and economic development.

Table of Contents

Foreword by Frederick D. Stocker
Introduction
State Business Taxation: Description and Rationales
What Taxes Do States Impose on Business? by Steven Galginaitis
How Should Businesses be Taxed? by William H. Oakland
Local Business Taxation and the Tiebout Model by Robert H. Aten
State Taxation of Corporate Income
Perspectives on the Reform of UDITPA by George N. Carlson, Gerald M. Godshaw, and Jeffrey L. Hyde
Market Versus Production States: An Economic Analysis of Apportionment Principles by James Francis and Brian H. McGavin
Federal Collection of State Corporate Income Taxes by Robert P. Strauss
The Impact of State Corporate Income Taxes on the Economic Condition of the United States by Robert N. Mattson
Exporting of State Taxes
Techniques of Tax Exporting by William R. Brown
The Role of Corporations in Tax Exporting by Burbans Stanley
Economic Analysis and Expert Testimony in Commerce Clause Challenges by Ferdinand P. Schoettle
State Taxation of Telecommunications
Critical Issues in State Taxation of Telecommunications by Walter Hellerstein
Apportionment of Telecommunications Interstate Attributes for Income, Consumption, and Property Tax Purposes by Patrick J. Nugent
State Taxation of Multistate Banking
Economic Effects of One State Enacting Destination Source Taxation of Financial Institutions by Thomas S. Neubig
Neutral Taxation of Financial Institutions During the 1990s by William F. Fox and Michael P. Kelsay
State Taxation of Insurance Companies
Overview of State Insurance Taxation by John W. Weber, Jr.
Economic Issues in State Taxation of Insurance Companies by Thomas S. Neubig and Michael Vlaisavljevich
Neutrality in State Insurance Taxation by Martin F. Grace and Harold D. Skipper, Jr.
Insurance Taxation: Policyholder Dividends and Insolvencies by James Barrese
Environmental Taxes and Fees
State Environmental Taxes and Fees by Joseph J. Cordes
State and Local Government Initiatives to Tax Solid and Hazardous Waste by Robert A. Bohm and Michael P. Kelsay
Epilogue: Goals and Strategies for Business Tax Reform
Selected Bibliography
Index
About the Contributors