Seven states in the United States are identified as having significant intangibles
taxes. The characteristics of these taxes are surveyed, and the degree of tax
evasion is estimated. It is found that evasion is a major problem in all states.
In fact, in all but one state the revenue generated does not even equal the
revenue predicted, assuming full compliance, from just the portion of the tax
levied on corporate stock listed on the New York Stock Exchange. Various
policy alternatives are evaluated.
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