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

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

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.