U.S. Supreme Court won’t hear KFC tax dispute

[alp227]

Source: The Washington Independent

Despite pressure from national tax executives, the U.S. Supreme Court has refused to hear an Iowa-based case involving fried chicken giant KFC, which means the company will be liable for a quarter of million in back corporate income taxes on franchised restaurants in the state.

The case, KFC Corporation v. Iowa Department of Revenue, questioned if the company, which owns no restaurants or employs no person directly in the state, could be held liable for property taxes on its licensed franchises. Attorneys for KFC launched the suit, arguing that an earlier U.S. Supreme Court case that found a mail order vender with no physical address in North Dakota to be exempt from paying sales and use taxes under Commerce Clause law also applied to company that had no physical assets in Iowa.

Read more: http://washingtonindependent.com/112925/u-s-supreme-court-wont-hear-kfc-tax-dispute

[Blue Owl]

1. Corporations are people, my friend

That is until the tax man comes a' knockin'...

:eyes: