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Multistate Taxation of Banks and Financial Institutions  Part 2—Apportionment


Author:  Mike Shaikh.; Jeffrey S. Reed.; Roy E. Crawford.


Source: Volume 23, Number 02, November/December 2009 , pp.46-56(11)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Part 1 of this article discussed the successes that states have had in taxing financial institutions that lack a physical presence within their jurisdiction. In Part 2, the authors explore how states apportion the income of financial institutions, and analyze some recent developments in apportionment rules based upon the economic nexus theory.

Keywords: Income apportionment

Affiliations:  1: McDermott Will & Emery LLP; 2: McDermott Will & Emery LLP; 3: McDermott Will & Emery LLP.

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