Federal tax policy and the states: corporate integration. (Symposium: New Directions in Tax Policy) From: National Tax Journal | Date: September 1, 1993| Author: Wetzler, James W. | COPYRIGHT 1993 National Tax Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Improved coordination of state and federal tax policies is needed, as shown by the issues of corporate tax integration and taxation of limited liability companies (LLCs). The states have the initiative for taxing LLCs, due to a default on the federal level which misses revenue opportunities. There are double taxation problems for corporations which could be solved by integration of income taxes for corporations and individuals. However, the IRS is considering integration without the effects o...