(Download) "Iowa Upholds Its Assessment of Income Tax on Out-Of-State Franchises: Economic Nexus Finds Its Way to Franchising (Legal)" by Franchising World # Book PDF Kindle ePub Free
eBook details
- Title: Iowa Upholds Its Assessment of Income Tax on Out-Of-State Franchises: Economic Nexus Finds Its Way to Franchising (Legal)
- Author : Franchising World
- Release Date : January 01, 2011
- Genre: Marketing & Sales,Books,Business & Personal Finance,
- Pages : * pages
- Size : 68 KB
Description
On Dec. 30, 2010, the Iowa Supreme Court issued its decision in KFC Corporation vs. Iowa Department of Revenue, upholding the state's ability to tax out-of-state franchisors based solely upon the presence of their franchisees in the state. This decision follows a long line of cases in adopting an economic-nexus test for purposes of state income taxation. This article provides a summary of the KFC decision, how it relates to cases handed down in other states over the last two decades, some practical advice for franchises on what to expect from state taxing authorities in light of the decision, and what actions franchise companies should consider taking in response to the case. KFC Corporation vs. Iowa Department of Revenue
Post a Comment for "(Download) "Iowa Upholds Its Assessment of Income Tax on Out-Of-State Franchises: Economic Nexus Finds Its Way to Franchising (Legal)" by Franchising World # Book PDF Kindle ePub Free"