Which of the following is not an advantage of state conformity to federal corporate income tax laws?

Question

Quizplus · Accepted Answer

State conformity to federal corporate income tax laws means that states adopt the same tax laws as the federal government, which can lead to uniformity in tax rules and ease the compliance burden of corporate taxpayers. It also eliminates the need for states to enact comprehensive corporate income tax statutes. However, state conformity does not give states complete control over their corporate income tax revenues. Instead, it limits the states' ability to differentiate their tax laws and potentially create competitive advantages or disadvantages.

Which of the Following Is Not an Advantage of State