Does operating in different states with different unitary definitions affect tax planning? How?© BrainMass Inc. brainmass.com March 4, 2021, 8:18 pm ad1c9bdddf
Yes. In apportioning income, some states use separate accounting, in which each legal entity is treated as a separate tax payer. However, most states use the unitary method to combine related entries. This method determines the extent to which a parent corporation's branches and affiliates are included in the apportionable ...
200+ words describe the different unitary definitions for tax planning across states.