Improper State Reliance on Uniformity for Adjustment Authority - McDermott Will & Emery

Improper State Reliance on Uniformity for Adjustment Authority

Overview


In Depth


Stephen Kranz and Diann Smith wrote this bylined article to argue that states should not be able to change their corporate income tax regime for specific taxpayers with less than 100 percent of income subject to nationwide tax. “Just as taxpayers can be constitutionally taxed twice on the same income, they are also entitled to be taxed on less than 100 percent of their income, if it happens,” the authors wrote.