1.
Rob Norton, of eCompany Now and Fortune magazines, notes in the article quoted below that corporate taxes
are among the least efficient and least ....... of taxes.
2.
The tax is popular with the man ......., who believes, incorrectly, that it is paid by corporations.
3.
The federal corporate income tax applies only to some businesses — those chartered as corporations — and
not to partnerships or ....... proprietorships.
4.
The federal tax is levied at three different rates on different ....... of income: 15 percent on taxable income
under $50,000; 25 percent on income between $50,000 and $75,000; and 34 percent on income above that.
5.
A good reason that state and local corporate income taxes remain low is that corporations could easily .......out of states that imposed unusually high taxes.
6.
Except for emergency taxes in wartime, corporate profits were first taxed in 1909, when Congress ....... a 1 percent tax on corporation income.
7.
The Tax Reform Act of 1986 was designed to increase the share of federal revenues collected via the corporate income tax and to decrease the share from the ....... income tax.
8.
While the top corporate tax rate was cut, deductions for capital expenditures were severely ......., and as a result the effective tax rate for many corporations rose.
9.
The central problem with the corporate income tax from an economic point of view is that, ultimately, only .......can pay taxes.
10.
As early as the 17th century, Sir William Petty, one of the ....... of modern economics, argued that a tax on the
production and sale of commodities would eventually be shifted by producers to consumers, who would pay it in the form of higher prices.
11.
Mark Hennricks in Entrepreneur magazine (December 1999) warns that you should not count on friendly competition; if you do, your rivals might just steal your customers from under your ........
12.
Potential competitors for Sparks.com, an online retailer of real greeting cards, run the ......., from the corner gift
shop to Amazon.com.
13.
That awareness was ....... home during a recent meeting with executives of another company, supposedly to explore setting up a strategic alliance with Lindau's 70-person firm.
14.
"One of them laid down a briefcase and out popped one of our business plans from a year ago, which they had clearly obtained through ....... we had not intended," recalls Lindau.
15.
"Someone to whom we had given a ....... copy of our business plan had shared it with our competition."
16.
Query vendors, customers, consultants and others who ....... business with companies in and around your field
to find out if and when new competitors are likely to emerge.
17.
Lindau says venture capitalists represent a fruitful source for competitive information for her because due .......
requires investors to research related businesses before backing a company.
18.
Companies that occupy spots on your value chain often understand your business and customers well enough
to become ....... rivals.
19.
Carefully ....... firms that have mastered technology similar to yours, even if they appear to operate in distant sectors.
20.
No one wins every sale, but if you start to lose sales to companies you've never heard of, you may be ....... the
birth of new and unexpected competitors, and your early warning system may be faulty.
