The trend in state income taxation is for states to adopt a version of the unitary theory

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The trend in state income taxation is for states to adopt a version of the unitary theory of multijurisdictional taxation in their statutes and regulations.

a. Explain why some states are attracted to the unitary theory and a combined reporting scheme of multistate income taxation.

b. Is the application of the unitary theory a help or a detriment to the taxpayer? Why?

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Sep 09, 2015 07:07 AM

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The trend in state income taxation is for states to adopt a version of the unitary theory

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a The unitary approach to state taxation attempts to neutralize taxpayer attempts to place profitabl...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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