The state corporate tax would function better as an ability-to- pay tax if all of the states adopted a corporate tax that reached all of the income properly attributable to the state, without regard to the corporate forms used in earning that income, the author says.
Also, in order to protect their own corporate taxes, the states need to become more involved in protecting the integrity of the federal corporate income tax, McIntyre writes.
This article appears in the September 23 issue of STATE TAX NOTES magazine. You may quote from this article, or reprint it, but please notify us if you do so and please credit Tax Analysts.
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