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California OTA Finds Business Divisions Were Not Unitary, Reverses Corporate Income Tax Assessments

💰 California OTA Finds Business Divisions Were Not Unitary

Published by OOPSONLINE.IN · Source: Bloomberg Tax News · 1 min read · · Updated

What actually happened

The California Office of Tax Appeals (OTA) held that a corporation’s beverage distribution division did not constitute a unitary business with its interstate transportation operations, reversing additional corporate income tax ...

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  • #california
  • #finds
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