A survey of state income tax planning issues for international business activities

Article Abstract:

Tax planners for multinational businesses need to be aware of the varied state income tax systems that these businesses may be subject to, and planners must ensure that tax considerations are integrated into corporate policies. The water's edge election available in some states can turn worldwide combined reporting from a tax burden to a planning opportunity if the planner is aware of the limitations of the election. States vary as to their tax treatment of foreign branch operations and whether dividends are included in the tax base used for apportionment.

Multinational Corporations, International aspects, Dividends, State taxation, Unitary taxation, international, states

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State tax issues associated with federal consolidated returns

Article Abstract:

Corporations that file 1992 federal consolidated tax returns may face consequences related to state taxes. Most states do not allow corporations to file consolidated returns. Instead, they require members of a federal affiliated group to file tax returns that are based on either the entity method or the combined group method. Affiliated groups must consider such issues as how state taxes will be affected by interest expense on acquisition debt and federal consolidated basis adjustments.

Analysis, Affiliated corporations, Corporate income taxes, Tax returns, Consolidated tax returns

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Tax consequences associated with the extension of a stock option plan outside the United States

Article Abstract:

The laws of several countries with respect to the taxation of employee stock options are reviewed.

International, Stock options

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