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- How California Taxes International Income - caltaxandpolicy. com
California currently taxes the foreign income of a “unitary group” through worldwide combined reporting with a single sales factor for apportionment Under this method, U S businesses and their foreign affiliates engaged in a single trade or business are treated as a “unitary group,” and the business income of the “unitary group” is apportioned and reported in a single “combined
- unitary business definition · LSData
A unitary business is a type of business that has subsidiaries in other states or countries When calculating its state income tax, the business determines what portion of a subsidiary's income is attributable to activities within the state and pays taxes on that percentage
- Understanding the Unitary Business Principle in Taxation . . .
The Supreme Court has since ordained the unitary business principle as the ‘‘linchpin of apportionability in the field of state income taxation ’’ 3 A Early Cases The unitary business principle originated in the United States in the 19th century with state property taxes and transcontinental railroad and express companies
- Legal ruling 385 | FTB. ca. gov
The use of an apportionment formula to determine the California portion of the net income from a unitary business conducted within and without this state is authorized by Section 25101
- 8019 - MN Rules Chapter
Subp 2 Unitary business "Unitary business" means business activities or operations which result in a flow of value between them The term is applied to a flow either between multiple entities that are related through common ownership or within a single legal entity, and without regard to whether each entity is a sole proprietorship, a corporation, a partnership, or a trust Flow of value is
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