COST - Council on State Taxation Amicus Briefs In the Matter of the Appeal of Microsoft Corporation and Subsidiaries, OTA Case No. 21037336 COST’s letter urges the OTA to change Microsoft’s designation to precedential. Microsoft held that Microsoft, a water’s-edge filer who received dividends from foreign subsidiaries that qualified for California’s DRD, properly included the deductible dividends in its sales factor denominator as “gross receipts.” The decision, released on April 2, was designated as nonprecedential. COST’s letter hig
COST - Council on State Taxation COST Studies, Articles & Reports 2024 State and Local Amnesty Programs
COST - Council on State Taxation COST Comments & Testimony Testimony In Opposition to A.B. 2829 – Digital Advertising Services Tax (Assembly Revenue & Taxation Committee) COST opposes California A.B. 2829, legislation based on Maryland’s digital ad tax, which will create a new, controversial, and untested gross receipts tax on revenues derived from digital advertising services in California, activities that are already sufficiently taxes under California’s income tax regime.