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Should a foreign corporation pay NY income tax?

Should a foreign corporation pay NY income tax?

Foreign corporations doing business, employing capital, or owning or leasing property in New York in a corporate or organized capacity, or maintaining an office in New York, or deriving receipts…

Attributes of a unitary business

Attributes of a unitary business

A unitary business is characterized by a flow of value as evidenced by functional integration, centralized management and economies of scale. Functional integration is characterized by transfers between, or pooling…

What does Public 86-272 say?

What does Public 86-272 say?

Pursuant to Public Law 86 – 272, a foreign corporation is exempt from the tax imposed if its activities are limited to those described in that law. Thus, to be…