Any business that operates across state lines must determine the amount of their income that is subject to tax in each state. Given that there is no uniform approach to apportionment, states use varying methods to source and weigh a taxpayer$$s sales and other income activities. As a result, taxpayers must deal with excessive tax bills.

Imagine that you are the VP of Taxation at ABC Corporation. In your initial post, discuss what actions you should take to alleviate the high state tax burden and indicate what challenges you may face while reporting and paying the correct tax under the law.

Answer rating: 100% (QA)

As the VP of Taxation at ABC Corporation I would take the following actions to alleviate the high state tax burden and address the challenges in reporting and paying the correct tax under the law 1 Un... View the full answer