Gore Decided: Unitary Nexus Rejected; Economic Substance Test Clarified – Mondaq News Alerts (registration)

Gore Decided: Unitary Nexus Rejected; Economic Substance Test Clarified
Mondaq News Alerts (registration)
The principle can be used to 'tax an apportioned sum of [a] corporation's multistate business if the business is unitary.' But the principle does not confer nexus to allow a state to directly tax a subsidiary based on the fact that the parent company

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