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Selling Company’s $309 Million Stock Profit Might Avoid California Franchise Tax as Nonbusiness Income

Explore the tax implications of a $309 million stock sale and California Franchise Tax. Gain insights into the Fidelity National Info. Services, Inc. v. Franchise Tax Board case and how it impacts cross-state stock sales. July 8, 2020 Introduction: When

Posted in nonbusiness income/sale of subsidiary, state franchise/income tax, unitary business Tagged with: , , , , , , , , , , ,

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