PL 86-272 (Does/does Not) Create Income-Tax Nexus When the Sales

question 180

Short Answer

P.L. 86-272 (does/does not) create income-tax nexus when the sales representative approves a sale at the customer's location.

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Definitions:

Recessions

Times of short-term economic downturn characterized by a decrease in commerce and industrial operations, usually recognized by a decrease in Gross Domestic Product (GDP) for two consecutive quarters.

Depressions

Extended periods of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Self Regulating

A system or market that is able to adjust and correct itself without external intervention.

Keynes

John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.