TITLE

The Physical Presence Requirement for Income Taxation--Here We Go Again

AUTHOR(S)
Cummings, Rocky
PUB. DATE
September 2007
SOURCE
Journal of State Taxation;Sep/Oct2007, Vol. 25 Issue 6, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents the author's perspective on the physical presence requirement for income taxation issue in the U.S. in 2007. He refers to the case of Lanco Inc. against the Director, Division of Taxation and MBNA America Bank NA against Tax Commissioner of the State of West Virginia which both cases have declined by the U.S. Supreme Court to review. He cites that the court's decision was a disappointment to resolve the debate whether physical presence is required before an out-of-state corporation can be subjected to state income taxation. He adds that it does not seem logical that court has declined to review the cases and points out the frustration of many taxpayers on the issue.
ACCESSION #
26375127

 

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