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Reports on the United States Supreme Court's rejection of legal challenges by Barclays Bank and Colgate-Palmolive Co. regarding the unitary tax method. California's position on unitary tax; Taxation of multinational corporations based on operations worldwide.

Focuses on US Supreme Court lawsuits on the method of taxing foreign and American multinational companies in California. Estimated refunds from an adverse court decision; Financial gains of the state from a favorable Supreme Court ruling.

This article reports that the U.S. Justice Department has filed a friend-of-the-court brief supporting a suit by two foreign corporations challenging the constitutionality of California's worldwide unitary tax law. The California worldwide unitary method for allocating the income among multinational corporations violates the foreign commerce and supremacy clauses of the Constitution, the amicus brief contends. States' use of unitary taxation has been opposed by multinational corporations and foreign governments.

Reports on the United States Supreme Court's ruling against Barclays Bank of London in a California tax dispute. Upholding of a California Supreme Court decision allowing the state to impose a unitary tax on multinational companies; Diplomatic implications; Taxes imposed by California's Franchise Tax Board, the defendants, on the California case against Barclays Bank of California; Implications of the decision.

Reports on California Supreme Court case `Barclays International Ltd. vs. Franchise Tax Board' where a multinational taxpayer challenged the constitutionality of the state's application of worldwide combined reporting (WWCR) to a foreign parent company with subsidiaries in the United States. Facts and issues.

Reports on President Bill Clinton's administration's urging to the Supreme Court to deny an appeal by Barclays Bank PLC that challenges California's method of taxing foreign-based multinational corporations. Fulfillment of President Bill Clinton's promise that he would take the state's side.

Reports on a Supreme Court case that will decide whether states may tax multinational corporations based on their worldwide profits. Issue addressed in two cases waged against the state of California by Colgate-Palmolive Co. and Barclays Bank; State's order for the companies to pay back taxes and calculate future taxes using worldwide income; Argument for the unitary system.