KPMG’s This Week in State Tax—produced weekly by KPMG’s State and Local Tax practice—focuses on recent state and local tax developments and features a series of short podcasts presented by KPMG tax professionals. Text of the podcasts is also available.
This week’s edition includes the following topics (listen to the podcasts; to read text, click on the links below).
California - California Franchise Tax Board (FTB) is considering how the state may source receipts derived from sending people and cargo to and from space.
California - A state appeals court, in a case concerning corporate income/franchise issues affecting multistate taxpayers, found that requiring interstate taxpayers to file a combined report but allowing intrastate taxpayers to elect between combined reporting or separate accounting violated the Commerce Clause.
New York - A tax appeals tribunal concluded that affiliates are allowed to file a unitary combined report.
Oklahoma - Legislation authorizes the Tax Commission to establish a tax amnesty program.
Puerto Rico - The Commonwealth’s legislature approved measures to increase the rate of sales tax and to transition to a value added tax (VAT) system.
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