TITLE

What is So Passive About Passive Investment Companies?

AUTHOR(S)
Robinson Jr., Joseph A.
PUB. DATE
July 2006
SOURCE
Journal of State Taxation;Summer2006, Vol. 24 Issue 5, p13
SOURCE TYPE
Academic Journal
DOC. TYPE
Essay
ABSTRACT
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.
ACCESSION #
22558020

 

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