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Multistate Tax Commission (MTC)

State & Local Tax Advisory – Gillette Overturned: One Test, Two Decisions in California

January 7, 2016 By Michael Giovannini

On Thursday, December 31, 2015, the Supreme Court of California issued its decision in Gillette Co. v. Franchise Tax Board, reversing the California Court of Appeal and holding that the Multistate Tax Compact is not a binding compact between its member states.  Accordingly, the California legislature had the authority to, and did in fact, replace the state’s equally weighted apportionment formula with a double-weighted-sales formula in 1993.  This highly anticipated decision by the California high court will undoubtedly have a significant impact on the landscape of ongoing disputes among taxpayers [...]Read more

Filed Under: Controversies - State, State & Local Tax Advisory, State and Local Planning, State Tax Litigation, Tax Policy Tagged With: California, Gillette, Multistate Tax Commission (MTC), Multistate Tax Compact

State & Local Tax ADVISORY: The MTC’s Transfer Pricing Audit Program Comes into Focus

October 15, 2014 By Alston & Bird SALT Team

This advisory reviews the Multistate Tax Commission’s efforts to create an Arm’s-Length Adjustment Service program to streamline states’ ability to effectively evaluate multistate transfer-pricing issues.

This advisory is provided on the Alston & Bird website: http://www.alston.com/advisories/MTC-transfer-pricing/

Filed Under: State & Local Tax Advisory Tagged With: Arm’s-Length Adjustment Service (ALAS), Multistate Tax Commission (MTC)

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