unitary business

unitary business (yoo-n[schwa]-ter-ee).Tax. A business that has subsidiaries in other states or countries and that calculates its state income tax by determining what portion of a subsidiary’s income is attributable to activities within the state, and paying taxes on that percentage. [Cases: Taxation 1005. C.J.S. Taxation § 1719.]

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词条贡献者

法律翻译Howard，在一家顶尖的美国律师事务所担任专职法律翻译，专注翻译各类与信托与财产规划有关的法律文件。