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Tag Archives: Equifax

Equifax appeals tax ruling to U.S. Supreme Court

WASHINGTON — The U.S. Supreme Court will consider June 26 whether to hear an appeal from credit bureau Equifax Inc. from what is considers an adverse tax ruling in Mississippi. Court officials say a decision could be announced shortly after the court conference. The appeal is a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove ...

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State sues credit reporting firm Experian for alleged violations

JACKSON — The state of Mississippi has sued credit reporting giant Experian, alleging sweeping errors in the company’s data and routine violations of consumer protection laws. Mississippi’s action — and a previously unreported multi-state investigation of credit bureaus led by Ohio — represents a significant new legal challenge to the industry. Attorney General Jim Hood’s complaint against Experian Information Solutions ...

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Uniformity eludes states' multistate business taxing methods

Mississippi is an “all or nothing” state when it comes to designating the source of taxing the revenue a multistate corporation makes through the sales of services. Here’s an explanation from attorney Richard Henchman, VP of legal & sate projects for The Tax Foundation, based in Washington, D.C.: “The historical approach is Cost of Performance (CoP), or Income-Producing Activity (IPA). ...

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