Foreign companies with activity in the US are often surprised that such activity may trigger both federal and state-level tax implications. Joel Walters, Maureen Pechacek and Todd Roberts of PwC US explore how state tax exposure may vary substantially, potentially resulting in significant state tax liabilities even when little to no US federal tax obligations exist.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year