May 7, 2010
May 6, the House Judiciary Subcommittee on Commercial and Administrative Law
(CAL), chaired by Representative Steven Cohen (D-TN), held a hearing on state
income taxation to explore what role, if any, Congress should play in
developing apportionment uniformity...
A common aspect of consolidated groups of companies is a centralized cash management function. While such a structure is a common item in corporate America, states are increasingly challenging any perceived tax benefits of such structures. Two states, Indiana and North Carolina, have taken recent actions...