Terms Beginning With 'f'

Franchise Tax

  • January 22, 2020
  • Team Kalkine

In the US, the businesses that are being operated in multiple states other than the home state have to pay a tax for conducting business in the other states, which is referred to as Franchise Tax.

Most of the states in the country have franchise tax, and it is other than the state income taxes imposed on companies, while the rates of this tax are idiosyncratic among states.

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