State and local taxing regimes are enormously complex, widely varying and ever-changing. Because they often lack clear guidance on how they should be applied, they create uncertainties that pose challenges for both taxpayers and tax administrators alike. The uncertainties for multistate taxpayers are quickly compounded, given the thousands of state and local taxing jurisdictions in the United States.
When the law is unclear, most taxpayers do their best to reasonably interpret the law. Such an approach is generally acceptable because state and local tax authorities are equipped with mechanisms, grounded in principles of sound tax policy, to ensure that state and local tax laws are properly enforced. History has shown that those mechanisms are effective in resolving tax disputes without compromising sound tax policy.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]