Perspective
Oct. 22, 2016
Cert denial leaves in place hostile-to-business decision
What a recent California Supreme Court decision means from a political perspective is that the desire of the state to extract revenue from multistate businesses takes precedence over concerns about national uniformity or even fairness. By William Hays Weissman
The recent saga of Gillette Company & Subsidiaries v. Franchise Tax Board ended last week when the U.S. Supreme Court denied review. The legal question was whether a multistate corporation like Gillette was allowed to determine the amount of income earned in California by applying an apportionment formula that equally weighted property, payroll and sales or a formula that double weighted sales. The equally weighted for...
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