Cases & Deals

Multinational conglomerate protests California franchise tax

Clients Multinational conglomerate

Jones Day represented a multinational conglomerate in connection with its California franchise tax protests of certain unitary group composition and business/nonbusiness income determinations. The business/nonbusiness income issues generally center on taxpayer's distributive shares of income from numerous partnership investments and, thus, involve the subsidiary issue whether the partnerships are unitary with taxpayer disregarding ownership.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.