DAYTON -- Filing and paying local income taxes would be simpler across Ohio if a plan authored by several Dayton-area city managers is adopted by the state legislature. The regional group of city managers thought it would save businesses time and trouble without costing the almost 600 cities and villages that collect local income taxes much, if any, revenue.
Elected Democratic and Republican officials, both on a state and federal level, constantly argue about whether businesses in this country pay enough in taxes. Following the heels on that debate is a report by a business- lobbying group that says Missouri companies are doing their part to keep state government and its numerous programs and services operating.
The southern Missouri city of Lebanon doesn't have a business tax, so it isn't entitled to a portion of a class action settlement with Alltel Communications over unpaid business taxes, a state appeals court said. Alltel Communications, now owned by Verizon Wireless, agreed to pay $2.7 million in back taxes to 69 municipalities last year. The carrier also consented to pay $510,565 in plaintiff attorneys' fees, which brings the total settlement to $3.2 million.
Elected Democratic and Republican officials, both on a state and federal level, constantly argue about whether businesses in this country pay enough in taxes. Following the heels on that debate is a report by a business- lobbying group that says Missouri companies are doing their part to keep state government and its numerous programs and services operating.
The minority development partnership that has co-headed the $1.8 billion redevelopment in East Baltimore has been barred from doing business in Maryland by the State Department of Assessments and Taxation because of unpaid taxes. Baltimore City Circuit Court records show that four of the seven members of the Presidential Partners-New East Baltimore Partnership LLC -- Ronald H. Lipscomb, Dean S. Harrison, Owen M. Tonkins III and Brian D. Morris -- owe a total of $809,582.68 in state and federal taxes.
[...] it requires a compelling reason in each and every instance in which a rule, regulation or standard exceeds federal law. Among the recommendations: require that any new or increased taxes be approved by a legislative super-majority; enact the single-sales-factor reform so in-state companies don't end up paying higher taxes than out-of-state companies; eliminate the double tax on S-corporations; enact small-business tax incentives; create a 20 percent manufacturing investment tax credit to compete with surrounding states; consolidate all state-related financial incentive programs under the Economic Development Authority; and allow employers to purchase health insurance across state lines, giving them more options when buying group plans.
Carl P. Paladino, the Republican candidate for governor, Tuesday laid out detailed plans for how he would cut taxes and government - - and then laid into Assembly Speaker Sheldon Silver, calling him a "criminal. Speaking at a Crain's business breakfast in Manhattan, Paladino proposed trimming income taxes by 10 percent in one year and eliminating several state agencies.
The taxes collected by New York state over the fiscal year ending March 31, 2011 were $926 million below projections, according to the state comptroller's office. Tax revenue earned during the fiscal year totaled $133.3 billion, 5.2 percent higher than the prior fiscal year. When the budget was first adopted, the receipts were anticipated to increase 6 percent.
The strategy seems to have had many authors. As early as the April 2006 special session, when lawmakers convened to lower school property taxes by raising tobacco and business taxes, state Rep. Rafael Anchia of Dallas tried to "reframe the debate" on immigration. The reform bill placed a tax on businesses' gross receipts, less the cost of payroll and goods. Anchia proposed an amendment that would prohibit businesses from deducting wages paid to undocumented immigrants. "Businesses couldn't take tax credit for an undocumented worker," he says. "The anti-immigration side loves to use words like 'illegals' and 'aliens,' so it's only appropriate to talk about illegal businesses that violate federal law every day. Meanwhile, Texas-based businesses were forming another group to promote immig...
West Virginia corporations will see income taxes slashed by 50 percent in the upcoming decade, as the state moves from a business franchise tax to combined reporting. Tax reductions and the elimination of business franchise taxes in five to six years' time mean that, overall, corporate income taxes should fall by about 50 percent, assuming the same profit levels and tax burden as a whole.
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