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.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access