The Multistate Tax Compact, a landmark agreement forged 45 years ago to make corporate taxation more uniform among states, is being strongly contested. California, one of the compact’s most influential members, has repealed the agreement, and the commission that originally wrote the agreement is proposing significant changes. But will they be enough to keep the compact alive?
Our experts will update you on the compact controversy and review other state and local tax initiatives such as the increase in combined reporting, single sales apportionment, and market-based sourcing for income tax purposes. While they cannot predict the outcomes of these initiatives, this webinar will provide some guidance to taxpayers about the hot button issues.
Various approaches to sales tax compliance; an update on click-through nexus; and a review of federal legislation, state independent tax tribunals and state whistleblower actions will also be part of the discussion.
At the conclusion of this session, participants will be able to:
- Discuss the possibility of changes in the approach to multistate taxation issues
- Identify three current developments taking place in the state and local tax arenas
- Identify developing trends in the area of state and local taxation
| Jason Parish of the tax team and Jennifer Zimmerman of the Chicago law firm Horwood Marcus & Berk.