Bass, Berry & Sims attorney Steve Jasper discussed how inconsistent apportionment tax rules from each state can lead to extreme results. Steve was part of a panel at the recent Paul J. Hartman State and Local Tax Forum where the topic was discussed.
As Steve pointed out, such extreme results can happen when apportionment factors distort the facts and don’t work as intended.
To help solve these problems, Steve said that making sure that “everyone’s in the room making decisions together is usually a better place to be than on a whipsaw between states.”
The full article, “Inconsistent State Rules Muddy Apportionment, Panelists Say,” was published by Law360 on October 20 and is available online.