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Just to add to the confusion, EY calls all of state and local tax Indirect Tax, even Income/Franchise
I think they should be separate.... because I don’t want to deal with SUT returns
Indirect tax is like sales tax, VAT, etc. Anything but income / franchise taxes.
Thank you!:)
State and local is the umbrella, indirect is the specific group.
State and local could mean a variety of specialties:income/franchise, indirect, credits and incentives, asset and wealth management, etc.
Thank you!:)