Tax Planning in a Changing Environment: A company operating…

Questions

Tаx Plаnning in а Changing Envirоnment: A cоmpany оperating in multiple U.S. states pays Federal income tax at the flat 21% rate and some state corporate income tax based on local taxing authority. Some states, like Texas, do not have a state corporate income tax. In evaluating whether to continue or expand operations in certain states:  What types of analytics questions might the company ask? How could tax planning data analytics help assess different scenarios and assist management in making strategic decisions about geographic expansion or resource allocation? Example: A company anticipates significant changes to state tax laws next year. How could tax planning data analytics be used to evaluate multiple future tax scenarios and assist management in making strategic decisions today?