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  • Article

    Nevada Voters May Decide Future Of Taxes In 2014

    As the Nevada legislature continues its 2013 session, competing tax proposals are bubbling to the surface, and Nevada businesses are confronted with the question of their tax burden will be rising soon.
    United StatesTax
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    New IRS Regulations Subject Certain Partners To Self-Employment Taxes

    While a disregarded entity is ignored for federal income tax purposes, it is still treated as a corporation for federal employment tax purposes.
    United StatesTax
    Proskauer Rose LLP
    Proskauer Rose LLP
Article

New Japanese ECommerce Consumption Tax Commences Effect On October 1, 2015

On October 1, 2015, Japan commences application of its business-to-consumer ("B2C") ecommerce consumption tax ("JCT"), analogous to the EU electronic services VAT which commenced January 1 of this year. The JCT will require foreign businesses supplying certain electronic services and products from outside of Japan to customers inside Japan to collect and remit the current 8% JCT.
United StatesTax
Foley & Lardner LLP
Foley & Lardner LLP
  • Article

    New No-Rule List For Letter Rulings Targets Spinoffs

    The IRS recently released its annual guidance for taxpayers requesting letter rulings, and it adds three areas under Section 355 for which the IRS will no longer issue letter rulings.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    New York State Tax Reform Update

    Qualified manufacturers subject to the New York State Business Corporation Tax may now pay no tax on business income earned in New York.
    United StatesTax
    Morgan Lewis
    Morgan Lewis
  • Article

    NJ Combined Reporting Update–Bill Continues Through Senate

    Combined-reporting legislation continues to make its way through New Jersey's Senate.
    United StatesTax
    Reed Smith
    Reed Smith
  • Article

    Owens-Brockway, VWS, And The Problem Of 100% Clawbacks After Partial Performance Of Economic Development Incentive Agreements

    Sometimes a retrospective clawback is required by law and must be accepted as a condition to the award, but in other instances it may be negotiable.
    United StatesTax
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    Pass-Through Groups Push Back Against Corporate-Only Reform

    For several weeks, Ryan and Hatch appeared to be abandoning efforts to pass a comprehensive tax reform bill that would lower both corporate and individual rates.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Paul Ryan Pledges Tax Reform Blueprint By June

    House Speaker Paul Ryan, R-Wis., promised last week that House Republicans would produce an outline for comprehensive tax reform by June.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Permanent Establishments Series #2: Data Centers And Servers – New York Office Snippet

    U.S. multinationals expanding their European server infrastructure face critical questions about permanent establishment risks. When do data centers and servers create a taxable presence in Europe...
    United StatesTax
    Loyens & Loeff
    Loyens & Loeff
  • Article

    Proposed Regulations Under Section 355 Clarify Device And Active Trade Or Business Requirements For Spin-Offs

    If promulgated as proposed, the proposed regulations will affect distributing corporations and their shareholders and security holders in spin-offs, split-offs, and split-ups that occur on or after final regulations are published.
    United StatesTax
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    Proposed Spin-Off Regulations Withdrawn After Enduring A Barrage Of Bar Association Bullets

    In a terse notice released on September 29, the IRS and Treasury Department announced that they would withdraw the controversial proposed regulations governing spin-offs, split-offs and reorganizations that were released earlier this year.
    United StatesTax
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    QPRTs, Homestead Exemptions, And The Estate Tax Basis Trap: Lessons From Palermo v. United States

    A recent decision from the United States District Court for the Southern District of Florida offers a cautionary tale for estate planners who rely on Qualified Personal Residence Trusts (QPRTs) and the interplay between state homestead protections and federal estate tax inclusion rules.
    United StatesTax
    Liskow
    Liskow
  • Article

    Recent NY State Decision: Corporations Properly Filed New York Combined Return

    The New York State Tax Appeals Tribunal affirmed that IT USA, Inc. and a sister corporation properly filed combined Corporation Franchise Tax returns.
    United StatesTax
    Morrison Foerster
    Morrison Foerster
  • Article

    Republicans Announce Tax Reform Framework

    After months of speculation, President Trump and the Republicans have finally announced their framework for tax reform.
    United StatesTax
    Lowndes
    Lowndes
  • Article

    Responsibility For Deficiencies Will Shift To Partnerships Under New Audit Rules

    Effective for tax years beginning after December 31, 2017, any additional tax or penalties resulting from a partnership audit will be assessed and collected at the partnership level in the year the audit is completed.
    United StatesTax
    BakerHostetler
    BakerHostetler
  • Article

    Retail’s New Fault Line: ‘Ultimate Destination’ Reshapes Sales Sourcing

    Recent state court decisions are reshaping how states source receipts for income, franchise, and gross receipts tax purposes—particularly for businesses that sell through intermediaries.
    United StatesTax
    Greenberg Traurig
    Greenberg Traurig
  • Article

    SEC To Propose Pay-To-Play Rule For Investment Advisors In July

    In response to allegations of “pay-to-play” in the award of contracts to manage New York pension funds, the Securities and Exchange Commission (“SEC”) plans to propose at the end of July new restrictions on firms subject to the Investment Advisors Act of 1940.
    United StatesTax
    Caplin & Drysdale, Chartered
    Caplin & Drysdale, Chartered
  • Article

    Second Circuit Affirms Tax Court Denial Of R&D Tax Credit For Process Research Costs

    The Second Circuit Court of Appeals has affirmed the Tax Court’s decision in Union Carbide Corp. v. Commissioner (No. 11-2552), which disallowed certain supply costs used in process research activities as qualified research expenses (QREs) for purposes of the research and development (R&D) tax credit under Section 41.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Senate Finance Committee Tax Reform Working Groups Begin Deliberating

    The tax reform working groups created by Senate Finance Committee Chair Orrin Hatch, R-Utah, have begun working toward legislative recommendations that Hatch wants ready by the end of May.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Showing 401–420 of 3726 results

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