The Iowa Supreme Court's upheld the state revenue departments decision to send Kentucky Fried Chicken a $248-thousand bill for unpaid corporate income taxes in 2001. KFC challenged the decision, saying it wasn't subject to corporate income taxes since it doesn't own ant restaurants or have any employees in Iowa. According to the Des Moines Register, all of KFC's Iowa restaurants are owned by independent franchisees. The state says any corporation that collects revenue in Iowa should pay taxes.
No comments:
Post a Comment