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The Unitary Business Principle and Combined Returns A business conducted directly or indirectly by one corporation is unitary with that portion of a business conducted by another corporation through its direct or indirect interest in a partnership
Decoding Combination: What Is a Unitary Business While it is not entirely unreasonable to speculate that a corporation that is majority-owned or even wholly-owned by another corporation is engaged in a unitary business, such speculation
How the Unitary Business Principle Works for Taxes The Unitary Business Principle is rooted in the Due Process and Commerce Clauses of the US Constitution These clauses grant states the authority to tax only that portion of a business’s income that is fairly attributable to activities within its borders
Unitary Business: Understanding Its Legal Definition | US . . . In legal terms, a business is considered unitary if its operations within a state are dependent on or contribute to its operations outside that state The term "unitary business" is often used in tax law, particularly in discussions about corporate taxation and apportionment of income across states