The Problem of Taxation in California

Cover The Problem of Taxation in California
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One that has caused wide discussion relates to the methods applied in the taxation of general corporation franchises. This is California's application of the "corporate excess" tax, and under it "there is lost all of that certaintj' and simplicity and much of that relative justice w^hich are the fundamental requisites of a workable tax. "* Revision means that the whole problem of taxation. State and local, must be investigated and the system overhauled and dissected. Other States have solved ma...ny of the difficulties that confront California, and it may become desirable and expedient to follow them. The point made here is that in undertaking the reconstruction of the revenue laws, not patch-work but homo- geneity must be the aim.
D. Return to the Old System Impossible.
One important fact should be borne in mind, namely, that the present system is a tremendous improvement over the old. Cali- fornia took a long step in advance in 1910 and with that step overcame forever many of the defects and weaknesses inherent in the old general property tax as applied to corporations.


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