Navigating State Taxation in a Global Business Environment


Peter Faber, speaking at the National Multistate Tax Symposium on February 5 and 6 in Orlando, Florida, highlighted the potential compliance headache that would result if more states start to « go behind » IRS post-closing agreements scrutinizing intercompany debt. He said it is a « waste of everybody’s time » for a state to « re-audit the same issue » that the IRS audited, and suggested that it is also unproductive given states’ concerns over resource use.