In the meantime, even foreigners have noticed how silly ó and economically dangerous ó the situation is. The ambassadors from France, Switzerland and the Netherlands wrote earlier this year to the governor of New Jersey to complain about its extraterritorial taxation regime, which asks for tax payments even from companies headquartered abroad.
Itís time for Congress to step in.
BATSA does nothing to undermine the ability of states and localities to impose taxes. Rather, it rationalizes and finally makes uniform what the courts have long said should be the law of the land. Corporate taxes should be imposed only on companies that have some meaningful presence in the state. Congress has the chance to do the right thing.
Virginia Reps. Bob Goodlatte (R) and Bobby Scott (D) serve on the Judiciary Committee, where Goodlatte is chairman of the Subcommittee on Intellectual Property, Competition and the Internet.
Visitors get their first look at the American Veterans Disabled for Life Memorial, which opened to the public on Monday, Oct. 6, 2014. The new memorial is located off Independence Ave. SW between the Rayburn House Office Building and HHS. Buy photo here.