What is So Passive About Passive Investment Companies?

Robinson Jr., Joseph A.
July 2006
Journal of State Taxation;Summer2006, Vol. 24 Issue 5, p13
Academic Journal
The article discusses on the advantages brought by passive investment companies (PIC) in the U.S. The author examines the tax-planning strategy that uses PIC to save on state income taxes. The issue on whether out-of-state companies are able to sell goods and services into a state where they do not have a physical presence and not pay income taxes on the revenue received is also discussed.


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