The court determined the state commissioner of revenue was within his authority to put in place a tax variance on Verizon’s parent, Vodafone America Holdings. The telecom giant was seeking an exemption on state franchise and excise taxes paid during a six-year period, despite generating more than $1 billion in sales receipts from Tennessee customers…
Huwebes, Marso 24, 2016
TN Supreme Court: Yes Verizon, you have to pay state taxes on all those sales
The court determined the state commissioner of revenue was within his authority to put in place a tax variance on Verizon’s parent, Vodafone America Holdings. The telecom giant was seeking an exemption on state franchise and excise taxes paid during a six-year period, despite generating more than $1 billion in sales receipts from Tennessee customers…
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