Tip of the hat to Tom Welshonce of Hull McGuire PC for a pointer to a recent post he co-authored with Julie McGuire on their firm’s What About Clients? blawg. The post discusses a corporate tax case (MeadWestvaco) that is pending at the Supreme Court – apparently this is the first case since a 5-4 decision in 1992 to define constitutional boundaries on the states’ power to tax corporate income. Oral arguments are on Wednesday – all corporations who do business in more than one state should follow this case closely.
Read on at The Supreme Court Revisits Constitutional Limitation on States’ Power to Tax.
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