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- Title
Tax Trends.
- Authors
Cummings, Rocky B.; Edson, Christina
- Abstract
The article discusses the lawsuit filed by Gillette Co. against the California Franchise Tax Board (FTB). Gillette claimed that it was entitled to elect to use an equally weigthed apportionment formula despite the legislative amendment in 1993 requiring a double-weighted sales factor because the state's legislature did not repeal the Multistate Tax Compact. The Court of Appeals ruled that taxpayers should apportion income based on the three-factor apportionment formula stated in the Compact.
- Subjects
CALIFORNIA; GILLETTE Co. Inc.; CALIFORNIA. Franchise Tax Board; TAXATION; ALLOCATION (Accounting); ACTIONS &; defenses (Law)
- Publication
Journal of State Taxation, 2012, Vol 30, Issue 6, p13
- ISSN
0744-6713
- Publication type
Article