The Comptroller of Public Accounts recently issued a taxability memorandum under the revised franchise tax, or “Margin Tax,” that imposes a potentially burdensome compliance obligation on businesses that process stock trades initiated by customers over the internet. The issue in the July 24th memorandum, indexed as document no. 200807139L in the Comptroller’s STAR research database, was how to apportion the fixed-fee commissions that a company would receive for “&helli

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