Expert Insight: Jamie Yesnowitz Discusses How The MTC's Proposed Compact Changes Will Impact Multistate Businesses

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

The latest round of proposed amendments to Article IV of the Multistate Tax Compact would make a number of significant changes affecting businesses with income in more than one state. Flexibility for the states in adopting their own apportionment formulas, and the sourcing of “sales, other than sales of tangible personal property,” using a market-based approach are among the proposed changes. In seeking expert insight, Steven Roll and Melissa Fernley of Bloomberg BNA spoke with Jamie Yesnowitz, principal at Grant Thornton LLP, about the implications of these and other proposed revisions.