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Delaware charges a franchise tax on the corporations incorporated in it. Franchise taxes in Delaware are higher than in most other states which typically get revenue from corporate income taxes on the portion of the corporation's business done in that state. Delaware's franchise taxes supply about one-fifth of its state revenue. [17]
Delaware 8.7% $0 Florida [c] 5.5% $0 ... Franchise Tax rate Franchise Tax rate ... This tax applies to a "dividend equivalent amount," which is the corporation's ...
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
Elon Musk is threatening to move the state of incorporation for Tesla, his half-a-trillion-dollar company, from Delaware to Texas after a judge in the First State voided a $55.8 billion ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .
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Franchise taxes on Delaware corporations supply about one-fifth of its state revenue. [23] Although "USA (Delaware)" ranked as the world's most opaque jurisdiction on the Tax Justice Network's 2009 Financial Secrecy Index, [24] the same group's 2011 Index ranks the USA fifth and does not specify Delaware. [25]
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