TY  - JOUR
AU  - McLure,Charles E., Jr.
AU  - Hellerstein,Walter
TI  - Does Sales-only Apportionment of Corporate Income Violate the GATT?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9060
PY  - 2002
Y2  - July 2002
UR  - http://www.nber.org/papers/w9060
L1  - http://www.nber.org/papers/w9060.pdf
N1  - Author contact info:
Charles E. McLure, Jr.
Hoover Institution
Stanford University
Stanford, CA 94305-6010
Tel: 650/723-2657
Fax: 650/725-6653
E-Mail: cmclure@stanford.edu

Walter Hellerstein
E-Mail: wallyh@uga.edu
AB  - There has been a pronounced change in the formulas states use to apportion the income of multistate corporations from one that placed equal weight on payroll, profits, and sales to one that places at least half the weight on sales, and eight base apportionment solely on sales.  This paper, which is intended to stimulate further analysis and debate, rather than provide a definitive conclusion, suggests that sales-only apportionment may violate the provisions of the General Agreement on Tariffs and Trade (the GATT) that prohibits export subsidies.
ER  -