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Tax Reform Coalition Applauds Tax-Writing Chairmen in California

The Coalition for Fair Effective Tax Rates released the following statement about the visit of Sen. Max Baucus and Rep. Dave Camp to California businesses on August 19:

“The Coalition for Fair Effective Tax Rates commends Chairmen Baucus and Camp for highlighting the need to fix the broken federal Tax Code during their visit to California today. Silicon Valley is home to the types of firms that the Coalition represents and that would benefit from the fairer, simpler tax system the chairmen want to create. Businesses both large and small – and that pay corporate or individual taxes – would…

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PwC Study Finds Retail’s Disproportionate Tax Burden Stifles Investment and Consumer Savings

Tax reform could lead to job creation, higher wages, lower prices and increased investment

Arlington, VA – November 14, 2012

A PricewaterhouseCoopers report commissioned by the Retail Industry Leaders Association (RILA) finds that comprehensive tax reform that reduces the corporate tax rate and treats all industries equally would provide a mix of benefits, including the creation of up to 327,000 new retail jobs, higher wages, lower prices for consumers, and increased capital investment.

The report also finds that in addition to being America’s second-largest private employer, the retail industry pays the fourth-highest domestic effective tax rate at 36.4 percent, more than 10 percentage points above the average for all other industries…

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Study Shows S Corps Pay Their Fair Share – And Then Some

Press Release, S Corporation Association

Today, the National Federation of Independent Business and the S Corporation Association released a new study showing that S corporations pay the highest effective rates of any business type.

The study, authored by Quantria Strategies, LLC, compares the tax burden different business entities will shoulder in 2013 and finds that S corporations will pay the highest average effective tax rate (31.6 percent of their income), followed by partnerships (29.4 percent), C corporations (17.8 percent) and Sole Proprietorships (15.1 percent)…

Read more from the original release here.

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Many small business pay higher effective tax rates than large corporations

By Kent Hoover, The Business Journals

Small businesses organized as S corporations pay the highest effective tax rates of any type of businesses in the U.S.

That’s according to a study conducted by Quantria on behalf of the National Federation of Independent Business and the S Corporation Association.