It's time to invalidate biz income tax single gross sales

Law360 (Dec. 7, 2020, 4:12 p.m. EST) – We anticipate the 2020s will create as seismic a shift in state tax law as the 2010s with South Dakota v Wayfair Inc. (1) retail sales- The Split The factors are subjected to modern, nuanced judicial analysis, and another decade-old precedent, Moorman Manufacturing Co. v Bair (2), in which the retail sales factor is preserved against the constitutional challenge, is reversed.

Our analysis of this issue has focused primarily on California (3), but the implications go far and wide. By our count, 25 states used a single sales factor formula for corporate tax apportionment that year.

One of the top corporate tax cases in 2020, …

Stay ahead of the curve

In the legal profession, information is the key to success. You need to know what is happening to customers, competitors, areas of activity and industries. Law360 has the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, type of lawsuit, etc.)
  • Access to attached documents such as Briefs, petitions, complaints, decisions, motions, etc.
  • Create custom notifications for specific article and case topics and much more!