Reflections on Upcoming State Tax Reform: The Impact on Corporate Taxpayers and What's Missing From the Debate

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 the quest for more reliable streams of revenue, more and more states may consider alternatives to the corporate income tax. Yet few states consider the complications such changes can create for taxpayers. In this article—the first installment in a quarterly series on state tax policy—Jeffrey Saviano, of Ernst & Young LLP, discusses the potential impact of fundamental tax reform on taxpayer compliance, financial accounting, and managing above-the-line taxes.

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