Foreign State Taxation of Intellectual Property Income
Foreign State Taxation of Intellectual Property Income Paying income taxes to the federal and Virginia state governments is unpleasant enough for most businesses, but an unexpected tax bill from a state in which your business has no employees, no real or tangible personal property and no sales can be especially distressing. If your business involves the licensing of intellectual property such as copyrights, trademarks, service marks or patents, your chances of encountering this situation increase. Under pressure to make ends meet while easing the tax burden on residents, several states are testing the limits of their power to tax nonresident […]
