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And what sort of revenues would the tax generate?
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The tax generates £3bn a year for the Treasury.
By comparison, the individual income tax generated 7.3 percent of G.D.P. last year.
The city has said the tax generates $1.1 billion a year, but the extension was not popular among beauticians and barbers.
A 2011 report to Congress found: At its post-WWII peak in 1952, the corporate tax generated 32.1% of all federal tax revenue.
"It's like a new Marriott," Mr. Philip said, referring to the tax generated by the town's newest luxury hotel, the Mystic Marriott.
His plan would impose a regional payroll tax generating $1.5 billion a year and tolls on the East River and Harlem River bridges, which would raise $600 million more.
Under Kentucky's Tourism Development Act, Ark Encounter may recoup up to 25% of its costs over its first ten years from the sales tax generated on-site.
Under Kentucky's Tourism Development Act, tourist attractions can get back up to 25 percent of their development costs over 10 years from sales tax generated at the facility.
In the US, for example, corporate tax generated 32.1% of all federal taxes in 1952.
This program essentially returns a share of the personal income tax generated by employees to the company they work for.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com