JD Supra

MTC Meeting Summary: Uniformity Proposals Progress; UDITPA/Compact Amendments and Model Sales and Use Tax Notice and Reporting on Hold

On May 10, the Multistate Tax Commission's (MTC) Executive Committee approved for further consideration model uniformity laws dealing with: (1) communications transaction tax centralized ...
JD Supra

A Pinch of Salt, June 2010- The ‘Unusual’ Application of UDITPA Section 18

All law is universal but about some things it is not possible to make a universal statement which shall be correct. . . . [F]or the error is in not the law nor in the ...
Forbes

Single Sales Factor Apportionment May Be Inevitable, But Is It Fair?

Fair apportionment is a constitutional requirement. According to Complete Auto Transit Inc. v. Brady, 430 U.S. 274 (1977), to be fairly apportioned, a state tax on corporate income must be limited to ...
Forbes

Should Taxpayers Challenge States If They Fail To Enact Rules?

Alternative apportionment provides state tax authorities and taxpayers the ability to obtain ad hoc relief if the standard apportionment formula fails to fairly reflect the extent of the taxpayer’s ...
Yahoo Finance

New Thomson Reuters Content Provides Tax Professionals with Guidance on the Significance of UDITPA amid Recent Developments

NEW YORK, January 12, 2016 - The latest topic added to Thomson Reuters Checkpoint Catalyst highlights the Uniform Division of Income for Tax Purposes Act (UDITPA) and its impact on state allocation ...