According to the Post story, Pandora currently pays under the statutory rate 12 cents per 100 spins.
FORBES: Apple's iRadio Is On The Way And They Seem To Be Getting The Songs Cheap
So the tax rate in the current year is always going to be wildly different from the statutory rate.
FORBES: News Corporation: David Cay Johnston's Appalling Error
But these breaks are only one reason why the statutory rate tells less than the whole corporate tax story.
FORBES: Obama's Pandering To The Business Lobby And The Truth About Taxes
For example, a taxpayer subject to a top statutory rate of 39.6% would pay an 11.6% tax on tax-exempt income.
U.S.-based multinationals face a 35 percent statutory rate, the highest in the world when combined with the average state corporate tax.
FORBES: A New Way To Address The International Tax Mess For U.S. Companies
His capital gains tax rate would increase from 15% to 21.2% (20% statutory rate plus 1.2% due to the deduction phaseout).
FORBES: Bush Tax Cuts Saved Romney Almost $1.2 Million in 2011
The Court ordered Douglas to pay post-judgment interest at the statutory rate of 10.74% from the date of the entry of the 1983 judgment.
FORBES: UPDATE: SEC Inspector Javert Earns $1.8 Million Interest On $78,000 Judgment
Effective tax rates can also be affective for analyzing corporate taxes because the statutory rate does not reflect who ultimately bears the burden of the tax.
If the law were to pass (insert choking noises here), the tax rate would be reduced from the statutory rate of 35% to a special rate of 5.25%.
FORBES: Multinational Corporate Tax Holiday Gets New Interest
When the statutory rate is 35%.
FORBES: News Corporation: David Cay Johnston's Appalling Error
Our effective tax rates were lower than the U.S. federal statutory rate primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland, Singapore, and Puerto Rico, which have lower income tax rates.
That can potentially open a can of worms, because if the tax deductions are reduced for corporations and not for small businesses, then many savvy corporations could either break off into small units, or relocate where taxes are lower if changes to the statutory rate do not make up for the loss from closing the tax deductions.
If multinationals are guaranteed a lower tax rate from the progressive, statutory corporate income tax rate of 35% in exchange for closing tax credits, then small businesses that have enough revenue will either rush to incorporate to get the same benefit now that their tax credits have been removed, or jam their congressional leaders phone lines asking for the same cut to the statutory rate.
Google paid an effective rate of around 2%, far below the 35% statutory corporate rate for publicly traded companies filing as C Corporations.
Ryan would also lower the top statutory tax rate on corporations, currently at 35%, by ten percentage points to 25%.
FORBES: Fiscal Cliff Should Help Obama And Paul Ryan Find Common Ground On Budget
They would also like to see the 35% statutory corporate rate lowered.
Keep in mind the statutory tax rate in the U.S. is 35 percent, but companies can often lower their bill thanks to dozens of deductions and credits.
FORBES: Corporate Tax Reform: The Winners And Losers Problem
The genuine outrage is that Apple's profits in the U.S. are subject to a combined state and federal statutory tax rate of 39.1% that is the developed world's highest.
And they almost never note that the statutory tax rate applies only to the last dollar earned or that the effective tax rate is substantially lower even for the richest taxpayers and largest corporations because of tax exclusions, deductions, credits and the 15 percent top rate on dividends and capital gains.
FORBES: Top Reagan Advisor Calls Out The GOP For Lying About Taxes
The U.S. has the highest statutory corporate tax rate among developed countries.
FORBES: Manufacturing May Be Coming Back to the U.S., Long-Term
But what emerged was a clear improvement of the tax code, with a top statutory personal income rate of 28 percent and the doubling of the standard deduction.
FORBES: The Republicans Shouldn't Attempt Any Tax Deal With President Obama
American multinationals like Apple are charged the statutory 35% rate when they file Form 1120 with the IRS. But their effective tax rate after credits and deductions is closer to 28% currently, according to BDO.
FORBES: A Cross Country Comparison Of Corporate Income Taxes
"Over the past 20 years the U.S. has gone from a high statutory corporate tax rate country to a low-rate country following the 1986 reforms, and by most measures, has returned to a high-rate country again, " he says.
Among his suggestions: cut the 35% statutory income tax rate for corporations, which is nearly 10% above the average corporate rate for 18 of the G-20 countries (excluding Saudi Arabia and the European Union on the whole).
As you might expect, giant companies generally pay lower effective tax rates (income before taxes divided by taxes paid) than smaller companies, although both groups are subject to the same statutory corporate tax rate that tops out at 37 percent.
FORBES: The Corporate Tax Debate? Ignore It and Think About Your Taxes
All of Western Europe allows for its multinationals to repatriate billions of dollars back home without paying the statutory corporate income tax rate.
The U.S. statutory corporate income-tax rate is 35%.
FORBES: What Money Could Buy If Google, Apple Paid Full Taxes
From their database, the authors find that a one percentage point difference in taxes results in a 0.225% reduction in the share price at takeover, and calculating backwards this indicates that the effective tax rate is 31% of the statutory one.
They will also object to the elimination of several statutory indices that guarantee them pension increases above the inflation rate.
The bank cut commercial banks' statutory reserve requirement from 13.5% to 4% and reduced the bank's three-month intervention rate by 400 basis points to 7%.
应用推荐