Tax Policy and Administration: California Taxes on Multinational Corporations and Related Federal Issues

GGD-95-171 Published: Jul 11, 1995. Publicly Released: Aug 10, 1995.

Highlights

Pursuant to a congressional request, GAO provided information on: (1) California's experience in conducting formulary apportionment audits of multinational corporations; and (2) issues that would have to be considered before adopting a formulary system at the federal level.

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Topics

Tax Policy and Administration

Accounting proceduresFinancial recordsIncome taxesMultinational corporationsState taxesTax administrationTax administration systemsTax lawAuditorsTaxes