Organizational Tax and Planning - Tax Reform - Research Paper Example

Only on StudentShare

Extract of sample
Organizational Tax and Planning - Tax Reform

This proposal can be implemented by providing qualified employers with wage increases accompanied by a tax credit (Committee on Ways and Means, 2013). The tax credit should be equal to 10% of the increase in the employer’s wage increase. The maximum amount of the increase could be set at five million dollars per employer. On the other hand, the maximum credit should be $500,000 in order to focus on the benefits accruing to the small businesses. Indeed this proposal is the most viable. This rationale can be explained by the fact that a tax credit would reduce labor costs in the economy thus, encouraging firms to hire more workers (Jurinski, 2000). Employees will also benefit since, they will secure job opportunities in the economy. A tax credit would be more beneficial compared to a flat subsidy because, the temporary tax credit for all firms would lead to sharing of the credits and providing an incentive that would lead to an increase in employment and wages that previously, would have been increased without an incentive. An incremental tax credit will also have an effect of rewarding corporate businesses by expanding industries and regions in the country while at the same time helping those firms and industries that might be still experiencing economic stagnation. Therefore, indeed corporate taxpayers have huge benefits to reap from this policy. Businesses experiencing labor shortages due to the recession will also benefit from the increase in the employment (Jurinski, 2000). ...Show more

Summary

This research paper example "Organizational Tax Research and Planning - Tax Reform" intends to examine the current state of the taxing system and formulate a plan of policy reform recommendation which will aim at the improving of tax organization system…
Author : jgleichner
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Organizational Tax Research and Planning - Tax Reform"
with a personal 20% discount.
Grab the best paper

Related Essays

Petrochemical Industry of Saudi Arabia
Saudi Arabia is largely dependent on oil for its revenues. The presence of this very mineral is likely to attract a large amount of investment in the nation. However, in order to venture out to any particular sector, an investor normally takes into consideration the extent to which the respective stock is volatile to market fluctuations.
7 pages (1750 words) Dissertation
Tax Reform Essay
This paper will examine tax reforms in the US, discussing pertinent issues like corporate tax loopholes, benefits of corporate S status, gift tax laws and abolition of estate taxes. This paper shall provide alternatives to the federal system of taxation. Tax reforms are essential to the realization of corporate and national growth (Shapiro, 2005).
3 pages (750 words) Essay
Assignment 3: Tax Reform
Individual shareholders paid tax at a rate of a minimum 15% on qualifying corporate dividends, and about 10 to 20% lower than them federal tax rate which is at times as high as 35%. Those taxpayers who are currently paying a marginal federal tan of 10 to 15% pay no taxes for qualifying dividends as well as any long-term capital gains.
5 pages (1250 words) Essay
Research Paper on San Diego County CAFR
The city, with roughly 10,050 employees in 2011, offers variety of governmental services including sanitation and health services, recreational activities and cultural events, police and fire protection, the construction and safeguarding of infrastructure and streets, and the maintenance and function of the water and sewer utilities.
10 pages (2500 words) Research Paper
Organizational Tax Research and Planning - Estate Tax
The Internal Revenue Service (IRS) is the body charged with the administration of estate tax. In the present provisions of IRS, estate tax is taxable at a maximum rate of 35 percent and exempted up to $5,120,000.
10 pages (2500 words) Research Paper
Tax Research
three issues: first, the house was destroyed in taxable year 2009; second, the house was destroyed by a natural disaster: third, the insurance company doe not cover for damages or destruction caused by natural disaster. Section 165(a) provides that, in computing taxable income
2 pages (500 words) Research Paper
Tax Research
rease of taxes on the wealthiest, through raising the rates on the capital gains together with dividends for rich, Romney plans to decrease all tax rates. Moreover, Obama seeks to reform the corporate tax code, but on the other hand Romney claims that he will slash the corporate
2 pages (500 words) Research Paper
Organizational Tax Research and Planning - Transfers to a Corporation
The same rule applies regardless of an existing corporation or a new corporation is being formed (Hall, 2006). Tax exemption rule with regards to substitution of assets for stock does not hold in the
6 pages (1500 words) Research Paper
Tax planning clients
It is important to note that the main purpose of this provision is to reduce the individual tax liability. With the availability of this account, the couple are would set aside a
4 pages (1000 words) Case Study
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT