Key Issues Affecting State Taxation of Multijurisdictional Corporate Income Need Resolving

摘要

This report, the second and last in response to the prior Chairman's request, deals with the key issues in the area of State taxation of multijurisdictional corporate income. It details the lack of uniformity among State income tax provisions covering multijurisdictional corporations and discusses the effects of this nonuniformity on State tax administrators and corporate taxpayers. It also discusses major interstate and international policy issues arising from State taxation. The report concludes that Federal legislation is the most appropriate solution.