<p>COST Files Amicus Brief in Mississippi Supreme Court in Dividend Received Dispute</p>

COST Files Amicus Brief in Mississippi Supreme Court in Dividend Received Dispute

The Council On State Taxation filed an amicus brief with the Mississippi Supreme Court supporting AT&amp;T in a dispute over whether the taxpayer can exclude dividends received from out-of-state subsidiaries.

The Council On State Taxation filed an amicus brief with the Mississippi Supreme Court supporting AT&T in a dispute over whether the taxpayer can exclude dividends received from out-of-state subsidiaries. <p>COST argued that deciding to exclude or include dividends based on whether the subsidiary is located in state or out of state is discriminatory and results in Mississippi taxing income earned outside its borders.</p> 

The Council On State Taxation filed an amicus brief with the Mississippi Supreme Court supporting AT&T in a dispute over whether the taxpayer can exclude dividends received from out-of-state subsidiaries. COST argued that deciding to exclude or include dividends based on whether the subsidiary is located in state or out of state is discriminatory and results in Mississippi taxing income earned outside its borders.