Thanks to the creativity of the tax bar, corporate income tax represents a smaller portion of state revenues today than 10 years ago. But as state revenues shrink, governments are looking for ways to make sure corporations don't fall out of their taxing jurisdiction. With the states becoming more sophisticated about tax liability, attorney Sean P. Kanousis says more litigation is likely over the rules that states expect corporations to follow when reporting profits.
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States Show Some Teeth Over Corporate Income Taxes
Special to Law.com
July 19, 2006
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