Alternatively, the proposal would tax certain intangible property related income on a current basis at a rate of 15%, whether derived directly by a U.S. corporation or by a foreign subsidiary.
FORBES: Territorial Tax Proposal Provides a Look into the Future of Corporate Taxation
State Question 766 would abolish property taxes on intangible personal property such as patents and customer lists (only a few states have this tax).
FORBES: Billions In State Tax Hikes, And Breaks, On Nov. 6 Ballot
State Question 766 will abolish property taxes on intangible personal property such as patents and customer lists (only a few states have this tax).
FORBES: California Voters Sock It To The Rich (And The Fate Of Other State Tax Ballot Measures)
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