Business Activity Tax Simplification Act of 2005: Hearing Before the Subcommittee on Commercial and Administrative Law of the Committee on the Judiciary, House of Representatives, One Hundred Ninth Congress, First Session, on H.R. 1956, September 27, 2005

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Seite 104 - Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp.
Seite 29 - permanent establishment' means a fixed place of business through which the business of an enterprise is wholly or partly carried on. 2. The term 'permanent establishment...
Seite 204 - Clause challenge when the tax is applied to an activity with a substantial nexus with the taxing State, is fairly apportioned, does not discriminate against interstate commerce, and is fairly related to the services provided by the State.
Seite 52 - Chairman of the American Bankers Association (ABA). ABA, on behalf of the more than two million men and women who work in the Nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership — which includes community, regional, and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.
Seite 21 - The purposes of this compact are to: (1) Facilitate proper determination of state and local tax liability of multistate taxpayers, including the equitable apportionment of tax bases and settlement of apportionment disputes. (2) Promote uniformity or compatibility in significant components of tax systems. (3) Facilitate taxpayer convenience and compliance in the filing of tax returns and in other phases of tax administration. (4) Avoid duplicative taxation. ARTICLE П.— Definitions As used in this...
Seite 197 - State; or (ii) the base of operations or place from which such service is directed. or controlled is not in any State in which some part of the service is performed but the individual's residence is in this State.
Seite 197 - ... is in the state, or (ii) the base of operations or the place from which the service is directed or controlled...
Seite 107 - ... solely for the purpose of storage, display -or delivery; c) the maintenance of a stock of goods or merchandise belonging to the enterprise solely for the purpose of processing by another enterprise...
Seite 130 - Act (UDITPA) is a model act drafted and adopted by the Commissioners on Uniform State Laws and the American Bar Association. The Act sets standards for separating income into business income, which is apportioned to states, and non-business income, which is allocated entirely to the entity's home state.
Seite 197 - The payroll factor is a fraction, the numerator of which is the total amount paid in this State during the tax period by the taxpayer for compensation and the denominator of which is the total compensation paid everywhere during the tax period.

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