New York's ‘Cloudy' Rules in Sourcing Web (Electronic) Business Receipts—‘A Forecast for Opportunity and Risk'

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

In an article that explores how receipts may be allocated for New York corporate franchise tax purposes, David Schmutter, Keith Eisenstein and Sam Cohen of Ernst & Young LLP discuss how the state's position with respect to receipts from electronic transactions, clouded and summary as it is, provides both opportunity and potential risk for multistate businesses.

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