Tax reform of corporate income tax on state level in the USA

Ermasova N. B.
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Ermasova N. B.: Governors State University, Illinois, USA

Izvestiya of Saratov University. New Series. Series: Economics. Management. Law Известия Саратовского университета. Новая серия. Серия Экономика. Управление. Право, 2013, vol. 13, issue 2, 127-132

Abstract: This paper proves that economic development policies and reform of income corporate taxation can significantly affects the growth of a state area, that increases in the growth of a local economy can benefits the overall national economy. Corporate income taxation can hinder the competitiveness of domestic industry by discouraging local investment in favor of investment in areas where corporate income tax rates are lower or where the tax is not levied. There are the examples of tax reforms of corporate income tax in States of Kansas, North Caroline, Michigan. Conclusion. This paper shows that R&D tax credits and State Business Tax Incentive Programs have significant and positive impacts on the growth of high-technology sector in the states.

Keywords: КОРПОРАТИВНЫЙ НАЛОГ НА ПРИБЫЛЬ США; РЕФОРМА КОРПОРАТИВНОГО НАЛОГООБЛОЖЕНИЯ (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scn:002275:15189483

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