The gross receipts tax will raise a lot of it -- $5 billion per budget cycle -- but there are other, sounder ways to raise revenue. While I detest the corporate income tax, ...

Some states and local tax jurisdictions impose taxes on gross receipts instead of corporate income tax or sales tax. State Examples of Gross Receipts Texas Tax Code Section 171.103 defines gross ...

In the hunt for new revenue, two Southeast governors made proposals that could signal the revival of a taxing mechanism that was widespread in the pre-World War II era.

Difference Between Sales Tax & Gross Receipts Tax. Operating a small business involves understanding how different taxes apply to you based on the products or services you sell.

The gross receipts tax that Los Angeles imposes on businesses is like a parasite that’s embedded itself deeply into the body of its host. Everyone wants to remove it, but no one wants to go ...

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. How much in sales tax does Los Angeles get on each car sold by a ...

The Tax Court on Monday clarified that nonsales income is included in gross receipts for purposes of the Sec. 41 research credit (Hewlett-Packard Co., 139 T.C. No. 8 (2012)).The Tax Court granted ...

The gross taxable amount includes all reimbursed expenses billed to the customer: meals, travel, hotels, shipping, handling, postage, etc.” According to Harry Messenheimer, a senior fellow with the ...

West Virginia replaced its corporate excise tax and gas pipeline tax with the first gross receipts tax, or gross sales tax, on July 1, 1921 — later called the business and occupation (B&O) tax.