State Tax Headlines Tax Headlines

Massachusetts Appeals Court Denies Sales Factor COP Determination and Intercompany Interest Expense Deductions

A group of Comcast Corporation’s subsidiaries that held cable franchise licenses with Massachusetts cities and towns were not entitled to a reduction in significant corporate excise tax assessments, including penalties and interest, and a refund for tax paid, based on the redetermination of their sales factor using costs of performance (COP). This redetermination resulted in […]

The post Massachusetts Appeals Court Denies Sales Factor COP Determination and Intercompany Interest Expense Deductions appeared first on Tax & Accounting Blog.

Powered by WPeMatico