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Does Sales-only Apportionment of Corporate Income Violate the GATT?

Author

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  • Charles E. McLure, Jr.
  • Walter Hellerstein

Abstract

There has been a pronounced change in the formulas states use to apportion the income of multistate corporations from one that placed equal weight on payroll, profits, and sales to one that places at least half the weight on sales, and eight base apportionment solely on sales. This paper, which is intended to stimulate further analysis and debate, rather than provide a definitive conclusion, suggests that sales-only apportionment may violate the provisions of the General Agreement on Tariffs and Trade (the GATT) that prohibits export subsidies.

Suggested Citation

  • Charles E. McLure, Jr. & Walter Hellerstein, 2002. "Does Sales-only Apportionment of Corporate Income Violate the GATT?," NBER Working Papers 9060, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:9060
    Note: ITI PE
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    Cited by:

    1. Timothy J. Bartik, 2004. "Evaluating the Impacts of Local Economic Development Policies on Local Economic Outcomes: What Has Been Done and What Is Doable?," Book chapters authored by Upjohn Institute researchers, in: Evaluating Local Economic and Employment Development: How to Access Waht Works Among Programmes and Policies, pages 113-142, W.E. Upjohn Institute for Employment Research.
    2. Harry Grubert, 2004. "Tax Credits, Source Rules, Trade and Electronic Commerce: Behavioral Margins and the Design of International Tax Systems," CESifo Working Paper Series 1366, CESifo.
    3. Robert F. Conrad, 2006. "Interjurisdictional Taxation and Attribution Rules," Public Finance Review, , vol. 34(5), pages 505-526, September.

    More about this item

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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