A number of recent news stories and thinktank reports have drawn attention to theamount of income taxes paid by large corpora- tions. For example, a recent report by Citizens for Tax Justice claimed that the financial state- ments of 12 large companies showed thateight paid no federal ...
In addition to not paying federal taxes, nonprofits may be exempt from paying statesales tax, income tax, andproperty tax. These benefits vary from state to state and depend on whether the taxable transactions relate to a nonprofit's charitable mission. For example, some states require nonprofits...
If an individual owns a corporation for which he is the only employee, which different types of federal tax will he have to pay?(a) Do companies have a responsibility to pay a fair share of income tax to local, state, and federal governments? (...
Although perceived as a mix between a corporation and partnership, S corporations are required to file annual tax returns.
Do tribes have to pay taxes? Tribes are exempt from federal income taxeseven when conducting commercial activities. They can form corporations to conduct business and their income remains exempt. Are Indian tribes tax exempt? While there is no federal statutory provision that "exempts" Indian tribes...
Like S Corporations and LLCs, a C Corporation protects the owner(s) of the company from incurring personal debt due to business losses or liabilities. This is the only type of business that pays a corporate tax rate, which is 21% of the net profit for federal taxes, along with ...
You can't usually take early withdrawals orloans from your pension. Private pension plans offered by corporations or other employers seldom have a cost-of-living escalator to adjust forinflation, so the benefits they pay can decline inpurchasing powerover the years. ...
The data on subsidies (including state, local, and federal subsidies) are obtained from Good Job First's Subsidy Tracker. As before, we split the sample in firms for which Subsidies is equal to one (‘Yes’) and firms for which Subsidies is equal to zero (‘No’). Second, we examine...
Our study is also relevant to socially conscious investors and the ESG community more generally (e.g., regulators, standard setters, data providers, and academics), who have become interested in understanding the payoffs to taxpayer funds consumed by corporations to better measure individual firms’...
Financial distress is a common issue in the corporate universe, and the related literature investigates the topic and its effects on corporations, investors, and the economy. Some studies emphasize the impact of financial distress on corporate decision-making. Firstly, the trade-off theory of capital...