Tax Law

Recent Posts

"Functional Equivalent" Nexus: When Goodwill Goes Bad in New Mexico
Posted on 13 Jun 2012 by Sutherland Asbill & Brennan LLP

The New Mexico Court of Appeals held that for purposes of imposing the state's gross receipts tax, Barnes & Noble Booksellers, Inc.'s (Booksellers) in-state activities may be imputed to an out-of-state retailer (Taxpayer) based on the use... Read More

Tags: functional equivalent nexus , goodwill , multistate taxpayers , physical nexus , Sutherland Asbill , New Mexico , State Taxation , out-of-state retailers , gross receipts tax , in-state activities , physical presence , Barnes and Noble

"Functional Equivalent" Nexus: When Goodwill Goes Bad in New Mexico
Posted on 13 Jun 2012 by Sutherland Asbill & Brennan LLP

The New Mexico Court of Appeals held that for purposes of imposing the state's gross receipts tax, Barnes & Noble Booksellers, Inc.'s (Booksellers) in-state activities may be imputed to an out-of-state retailer (Taxpayer) based on the use... Read More

Tags: functional equivalent nexus , goodwill , multistate taxpayers , physical nexus , Sutherland Asbill , New Mexico , State Taxation , out-of-state retailers , gross receipts tax , in-state activities , physical presence , Barnes and Noble