The Texas Supreme Court rejected a taxpayer’s refund claim asserting that its sales of bunker fuel (fuel for large, ocean-going vessels) delivered to foreign-registered ships at Texas ports were not delivered or shipped to a buyer for ultimate use or consumption in Texas. The taxpayer argued that the comptroller’s administrative rules making the transfer point
Apportionment: market sourcing
What the doctor ordered: Maine court apportions drug company’s income on a “market member basis”
By Eric Coffill & Dennis Jansen on
Posted in Income Tax
The Maine Supreme Judicial Court held that a prescription drug company’s income should be apportioned based on the location where its prescription drugs are received, rather than the headquarters locations of the health plans or employers paying for the drugs.
The drug company sought income tax apportionment based on a “market client basis,” arguing that…