Of course, the company, in preparing for its audit, will need to document its deferred tax computation for various taxing
jurisdictions - how it arrived at its determination of the marginal tax rate, for example, and the necessity for and the amount of any valuation allowance.
Instead of taxing
work, why not use taxes to promote more of it?
Alexander Hamilton rejected taxing
"the articles of our own growth and manufacture" as they are "more prejudicial" to the economy than consumption taxes.
Many states are adding to their list of taxable services or, in some cases, simply moving toward taxing
The rules that allow a transaction to be tax free in the eyes of the IRS are not necessarily the same in the eyes of the various state and local taxing
authorities for sales and use tax," notes Wlodychak.
During the past three decades, this Court has invoked the Commerce Clause to invalidate a number of state taxing
schemes that unreasonably burdened interstate commerce by discriminating against out-of-state taxpayers.
Vertex's TaxGIS feature also allows transactions to be quickly matched with taxing
jurisdictions on country, state, county, and district levels.
The Texas court focused on whether the tax was fairly apportioned; it analyzed whether the state was taxing
only its fair portion of an interstate transaction.
Fundamentally, TEI does not agree that a presumption that tax positions will be detected and examined should give rise to a correlative presumption, under all circumstances, that the taxing
authority will assert a sustainable, contrary position and, as a result, that no benefit should be provided for the tax position unless the enterprise satisfies a "probable" level of confidence.
BTUs rather than, say, gasoline is an attempt to treat all energy sources equally.
Boston Stock Exchange has since provided the lens for reviewing the constitutionality of state taxing
Nexus: For a state to have taxing
authority over a captive, the latter must have sufficient nexus with the state such that taxation does not violate the U.
But more importantly, this is the only system that enables the taxing
and tracking of vehicles as well as equipment or other leased or rented items.
More recently, many state and local taxing
authorities have cited declining sales tax receipts as a factor in their budget crises, identifying Interact sales as the main culprit.
Investments: On the Right Track, But at a Snail's Pace, C.