TAX 232 - Multijurisdictional Tax Issues - State, Local (SALT) and Taxation of International Transactions

Semester Hours: 3

Overview of fundamental multijurisdictional tax issues, including local, state, and international issues. Introduction to various jurisdictional tax policies and regulations. Provides an overview of the tax aspects of state and local taxation, including income tax, sales tax, multi-state taxation, unitary tax issues, nexus, formulary apportionment, and jurisdictional state tax concepts. The course also introduces international taxation on a broad level, including an overview of both inbound and outbound transactions. The course surveys topics such as tax jurisdiction, source rules for income and expense, foreign tax credit, controlled foreign corporations, foreign earnings exclusion, tax treaties, and foreign persons investing and conducting business in the United States. Multijurisdictional tax issues about corporate social responsibility are also discussed. Analytical tools and technology will be utilized.

Prerequisite(s)/Course Notes:
ACCT 144 or TAX 222  or approved equivalent. Open only to matriculated MS in Taxation students or with permission of the Department Chairperson.

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• Summer I 2025
• Summer II 2025
• Summer III 2025
• Fall 2025