Recent MTC Trends, States Begin to Respond to 'Gillette'
June 25, 2013 — Bloomberg BNA "Expert Insight" / June 28, 2013 — Bloomberg BNA "Tax Management Weekly State Tax Report"
Washington, D.C.-based Tax Group attorney, Jeremy Abrams, shares his perspective on the impact that three recent cases, Anheuser-Busch v. Michigan Dept. of Treas., IBM v. Michigan Dept. of Treas.
and Gillette Co. et al v. FTB,
will have on the Multistate Tax Compact (MTC) with Bloomberg BNA.
His comments are published in Bloomberg BNA's Tax Management Weekly State Tax Report
and Expert Insight
blog. According to Abrams, "The flurry of repealing legislation that we're seeing confirms that Compact states are taking this issue very seriously, and for good reason. States potentially could owe millions of dollars in refunds if more decisions like Gillette
are handed down. This risk creates some leverage for taxpayers, and they ought to use that leverage to their advantage during audits."