Washington (March 21, 2003) -- An initiative being used by many states to capture more revenue from sales and use transactions topped a list of issues relating to "jurisdiction to tax" facing U.S. companies, according to a survey of 130 tax executives by KPMG.

Some 31 percent of respondents chose the Streamlined Sales Tax Project as the top issue relating to jurisdiction to tax (the right a government has to levy a tax), while 21 percent cited the prospect of a move by the United States toward a national consumption tax, KPMG reported. More than half of respondents (59 percent) expect tax jurisdiction issues to influence their company's ability to compete domestically over the next five years, KMPG said.

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