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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Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard