Corporate Taxes, Interstate Commerce

Earth-shattering tax liability means doomsday for vendors: Don’t put your personal net worth at-risk

Buckingham, Doolittle & Burroughs, LLC on 6/10/2019

Vendors selling out of state but not collecting sales tax are on a path to suffering severe financial loss. The tax liability could be astronomical – enough to devastate a business – as high as 10% or more of total sales for...more

2019 North Carolina Tax Bills Advance in House and Senate

Smith Anderson on 5/20/2019

A previous Alert dated April 9th, summarized the North Carolina Senate’s original tax plan for 2019 as set forth in the first edition of Senate Bill 622. Since then, the House passed its version of the 2019 appropriations...more

Just When We Thought Measure 97 Was Dead—It May Be Back!

Foster Garvey PC on 2/23/2017

As I reported previously, Oregon Measure 97 was overwhelmingly defeated by voters in the state’s general election this past November. It certainly appeared that the voters spoke loudly and clearly on November 8, 2016, when...more

Mississippi Supreme Court Finally Disconnects The Line On Dividend Exclusion Statute In The AT&T Case

Butler Snow LLP on 11/10/2016

In a previous article, we summarized AT&T’s 16-year effort, in two separate lawsuits, to have declared unconstitutional two Mississippi income tax statutes on the alleged basis that they placed a greater tax burden on AT&T...more

Wynne Is a Win for Corporate Taxpayers

Faegre Drinker Biddle & Reath LLP on 6/3/2015

On May 18, 2015, the U.S. Supreme Court decided Comptroller of the Treasury of Maryland v. Wynne, No. 13-485, holding that the absence of a credit against the local portion of the state’s personal income tax scheme was an...more

Mississippi Court Rules Discriminatory Exclusion is Unconstitutional

Baker Donelson on 4/16/2015

The Hinds County Chancery Court recently issued an opinion in AT&T Corp. v. Miss. Dep't of Revenue finding that Mississippi's dividend exclusion statute unlawfully discriminates against interstate commerce and is therefore...more

Allied Domecq: Nexus-Combined Reporting

McDermott Will & Emery on 7/25/2014

In Allied Domecq Spirits & Wines USA, Inc. v. Commissioner of Revenue, the Massachusetts Court of Appeals held that the parent company of a Massachusetts taxpayer could not be included in the taxpayer’s Massachusetts...more

Corporate Taxes › Interstate Commerce