Select a locationselect a location

In the News

Search In the News
Search by date
Choose From Date
Choose To Date
SearchClear

Maryland Upholds Tax Assessment Based on Unitary Business Principle

November 29, 2010
BNA Daily Report for Executives

Sutherland Tax Partner Michele Borens comments on the Maryland Tax Court's decision in W.L. Gore & Associates Inc. v. Maryland Comptroller of the Treasury in which the court upheld income tax assessments against two Delaware intangible holding companies that lacked physical presence in the state. The court found that the companies had substantial connections and nexus by virtue of the activities of their parent company.  Borens stressed that the court's ruling was flawed and noted the following:  "The Maryland Tax Court's decision in Gore muddles multiple distinct state tax concepts—the unitary business principle, economic substance and nexus principles."

Related Practices/Industries

Our Story

Eversheds Sutherland is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: FINRA’s 2016 Disciplinary Program:  “YUUUGE” Fines May Propel 2016 to Record-Setting Year
Videocast: FINRA’s 2016 Disciplinary Program:  “YUUUGE” Fines May Propel 2016 to Record-Setting Year
Washington, DC
Adam C. Pollet, Associate
Washington, DC
© 2017 Eversheds Sutherland (US) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - Maryland Upholds Tax Assessment Based on Unitary Business Principle
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All