An Examination of U.S. Tax Policy and Its Effects on the Domestic and International Competitiveness of U.S.-based Operations: Hearing Before the Committee on Finance, United States Senate, One Hundred Eighth Congress, First Session, July 8, 2003 |
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1999 Direct Indirect Advance Pricing Agreement American Applied Materials assets Average Cong California Chairman Congress corporate tax cost countries decline Direct Export Related Direct Indirect District Direct Jobs SMillions District Exports Jobs District Thousands domestic Dubai earnings stripping Electrolux employees employment equipment Export Related Jobs Exports and Related Exports Direct Jobs Exports in SMillions Exports Jobs Jobs foreign tax credit FSC-Benefited Exports FSC/ETI global impact important increase Indirect District Exports industry innovation process international competitiveness international tax investment investors Jobs in Thousands Labor lease manufactured exports manufactured products manufacturing base manufacturing jobs manufacturing sector Manufacturing's Marshalltown Nestlé OECD offshore overseas proposal recession REIT repeal rules Senate Finance Committee Senator BAUCUS SMillions Jobs spillovers tax rate taxable taxpayer Thousands of Jobs Total U.S. companies U.S. corporations U.S. Department U.S. economy U.S. exports U.S. manufacturing U.S. subsidiaries U.S. tax policy United VERONEAU workers World Trade Organization
Popular passages
Page 171 - He is not engaged in trade or business within the United States during the taxable year, and the United States has no tax convention with the country of which he is a resident.
Page 86 - ... increased productivity, and competitive pricing. Yet while this process produces wealth and higher living standards, most of it is hidden from view and poorly understood. Manufacturing's innovation process provides enormous benefits for the entire US economy: • Grows the Economy - Manufacturing growth spawns more additional economic activity and jobs than any other economic sector. Every $1 of final demand for manufactured goods generates an additional $0.67 in other manufactured products and...
Page 60 - Manufacturing. Check this box if the applicant is engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. The assembling of component parts of manufactured products is also considered to be manufacturing. Transportation & warehousing. Check this box if the applicant provides transportation of passengers or cargo; warehousing or storage of goods; scenic or sight-seeing transportation; or support activities related to these modes of...
Page 170 - ... develop better credit practices and methods, and establish a code of ethics. NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS 1875 Eye Street, NW, Washington DC 20006. 202/739-9400. Fax: 202/7399401. E-mail address: info@nareit.org. World Wide Web address: http://www.nareit.com. Description: NAREIT is the national trade association for REITs and publicly traded real estate companies. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income-producing...
Page 88 - This intricate process generates economic growth and higher living standards superior to those of any other economic sector. But serious challenges threaten to undermine the critical mass of manufacturing necessary to maintain a dynamic innovation process. If the US. manufacturing base continues to shrink at its present rate and the critical mass is lost, the manufacturing innovation process will shift to other global centers. Once that happens, a decline in US living standards in the future is virtually...
Page 86 - R&D successes lead to investments in capital equipment and workers, and to "spillovers" that benefit manufacturing and other economic sectors. This process not only generates new products and processes, but also leads to well-paying jobs, increased productivity, and competitive pricing.
Page 215 - ... also Rivlin (2002). Specifically, the following measures in the Economic Growth and Tax Relief Reconciliation Act of 2001 affected states taxable income base: the increased standard deduction, new rules for individual retirement accounts, and additional deductions for education expenses. In addition, the recently enacted Jobs and Growth Tax Relief Reconciliation Act of 2003 is likely to further reduce state tax revenues. The "bonus depreciation...
Page 111 - ... (generally taxable income computed without regard to deductions for net interest expense, net operating losses, and depreciation, amortization, and depletion).
Page 98 - ... skills or no skills at all. In January 2002, data from a survey of over 1500 employers, confirmed similar results - 73 percent experienced very or somewhat severe conditions when trying to hire qualified workers, and 70 percent said that the workers had poor, wrong or no skills to meet businesses' needs. The third CWP survey, conducted this January of 3700 employers from 80 communities across 34 states, found that just over 50 percent said it was "very hard or hard" to find workers with the skills...
Page 170 - The amount required to be withheld on the sale by a foreign investor of a US real property interest is...