Fair apportionment is a constitutional requirement. According to Complete Auto Transit Inc. v. Brady, 430 U.S. 274 (1977), to be fairly apportioned, a state tax on corporate income must be limited to ...

This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.

Over the last several years, the Federal Circuit has increasingly scrutinized patent litigants’ reliance on “comparable licenses” as a means for calculating a reasonable royalty, including whether the ...

Apportionment, or the process of determining the number of seats each state has in the U.S. House of Representatives, happens like clockwork at this point. Every 10 years, the Census Bureau counts how ...

The Supreme Court recently decided to hear Trump vs. New York, a case challenging the Trump administration’s decision to exclude undocumented immigrants from the 2020 census counts that would be used ...

Since the first census of the United States in 1790, counts that include both citizens and noncitizens have been used to apportion seats in the House of Representatives, with states gaining or losing ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

When businesses conduct operations across state lines, the states must develop processes to prevent unfair and excessive taxation. The states use two primary methods to determine a company's tax ...

The U.S. Census Bureau released apportionment counts on April 26, kickstarting what is sure to be a tumultuous redistricting process. Apportionment refers to the process of dividing the 435 seats in ...

In case you missed it while preparing for your Turkey dinner, on November 22, 2021, the United States Supreme Court decided 9-0 that the Equitable Apportionment Doctrine, which had prior to this ...