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A Number of Court Cases in the Last Several Decades

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Essay

A number of court cases in the last several decades have involved the application of a state's nexus rules concerning a business taxpayer. What is the significance of the term nexus when discussing state income taxation?


Definitions:

Opportunity Cost

The value of the next best alternative that is forgone as a result of making a decision.

Startup Airline

A newly established airline company that is in the initial stages of its operations.

Round-Trip Ticket

A ticket that allows someone to travel to a destination and return to the original departure point, typically within a specified period.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits you could have received by taking an alternative action.

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