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State General Business Taxation One More Time: Cit, Grt, or Vat?

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  • Robert D. Ebel
  • LeAnn Luna
  • Matthew N. Murray

Abstract

We report on findings of the recently completed 2015 Connecticut State and Local Tax Study Panel with a focus on statewide general business taxation. The state’s corporate net income (profits) tax violates many of the Panel’s adopted criteria for a high quality tax system. Drawing on the Panel’s technical research, the Connecticut Department of Revenue Services is undertaking further study of the implementation of alternatives to the corporate net income tax, including a broad based/low rate gross receipts tax and a value-added tax, both of which would be imposed uniformly on corporate and non-corporate businesses alike. This paper reviews the merits and demerits of the alternative general business tax structures and presents research findings relating to a revenue neutral replacement of the net income tax with an “entity tax” based on gross receipts or value added.

Suggested Citation

  • Robert D. Ebel & LeAnn Luna & Matthew N. Murray, 2016. "State General Business Taxation One More Time: Cit, Grt, or Vat?," National Tax Journal, National Tax Association;National Tax Journal, vol. 69(4), pages 739-762, December.
    • Handle: RePEc:ntj:journl:v:69:y:2016:i:4:p:739-762
    DOI: 10.17310/ntj.2016.4.01
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    Cited by:

    1. Alberto Porto & Marcelo Garriga & Walter Rosales, 2017. "El Impuesto a los Ingresos Brutos y Alternativas de Reforma," Department of Economics, Working Papers 112, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    2. Alberto Porto, 2017. "Impuestos Subnacionales sobre la Producción. Aportes para la Discusión de la Reforma Tributaria," IIE, Working Papers 113, IIE, Universidad Nacional de La Plata.
    3. Walter Cont & Diego Fernández Felices, 2017. "Multi-stage Taxation by Subnational Governments: Welfare Effects," IIE, Working Papers 111, IIE, Universidad Nacional de La Plata.
    4. Alberto Porto, 2017. "Impuestos Subnacionales sobre la Producción. Aportes para la Discusión de la Reforma Tributaria," Department of Economics, Working Papers 113, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    5. Robert D. Ebel & Yameng Wang, 2018. "User Charges to Fund State and Local Infrastructure Services," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1813, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    6. Alberto Porto & Marcelo Garriga & Walter Rosales, 2017. "El Impuesto a los Ingresos Brutos y Alternativas de Reforma," IIE, Working Papers 112, IIE, Universidad Nacional de La Plata.
    7. Walter Cont & Diego Fernández Felices, 2017. "Multi-stage Taxation by Subnational Governments: Welfare Effects," Department of Economics, Working Papers 111, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.

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