income taxes

Improving the Income Taxation of the Resource Sector in Canada.

Department of Finance. Advocates establishment of a common statutory rate of corporate income tax for all sectors, including consistent treatment of costs, both across resource projects and between the resource sector and other sectors of the economy to supposedly promote more efficient development of Canada’s natural resource base. Most of the proposed changes involve tax reductions to reduce the tax bite on resource projects relative to competitors such as the United States.

State Corporate Income Taxes 2001–2003.

Robert S. McIntyre and T.D. Coo Nyugen, Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Detailed assessments of the actual taxes paid by major US corporations and corporate sectors at the state level. Tax breaks often allow particular sectors, including energy, to pay an effective tax rate that is much lower than their statutory rate. Companion studies to various federal tax assessments done by CTJ and the tax breaks that allow them to dramatically reduce their federal tax liabilities.