States Face Political Hurdles In Seeking Foreign Income
Law360 (February 11, 2019, 9:01 PM EST) -- Recent bills in Montana and Oregon that would require multinationals to report their global profits present a legally sound option for recouping tax revenue from overseas, but the method has a history of foreign resistance that could remain a challenge.
A bill introduced last month in the Montana Legislature calls for collecting corporate tax revenue through worldwide combined reporting, a method that had been largely abandoned but is now getting a second look. (AP) Last month, the states’ lawmakers introduced bills for collecting corporate tax revenue through worldwide combined reporting, which would require a company to report its total global profits and the portion...
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