Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed




unitary tax system (UTS)

Definition

Corporate income-tax based on the worldwide taxable income of a multinational corporation. UTS is designed to counter the transfer pricing mechanisms (see transfer price) by which corporations shift taxable income to subsidiaries located in more favorable tax environments.


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z