Income Taxes, Tax Legislation

The Tumultuous Journey of the Washington State Capital Gains Tax Continues

Foster Garvey PC on 6/7/2024

I have reported in several prior blog posts the significant events impacting the newly enacted Washington state capital gains tax. The turbulent ride of this legislation continues!...more

[Event] Tax Symposium 2024 - May 14th - 15th, Chicago, IL

McDermott Will & Emery on 5/2/2024

Discover the latest global developments and planning opportunities to stay ahead of the curve at McDermott’s Tax Symposium 2024. Join us in Chicago for a full day of programming designed to equip corporate tax leaders with...more

Nothing Lasts Forever –Expiring Tax Provisions

Rivkin Radler LLP on 1/26/2024

The Long-Term View- Among its core functions, federal tax policy seeks to encourage those behaviors among businesses that, in the long run, will have a lasting positive effect upon the nation’s economy as a whole. ...more

Review of 2022 Arizona Tax Highlights

Lewis Roca on 2/22/2023

ARIZONA TO IMPLEMENT 2.5% FLAT TAX AHEAD OF SCHEDULE - Governor Doug Ducey announced that Arizona will implement its new 2.5% flat income tax rate on January 1, 2023, a full year ahead of schedule. According to Gov. Ducey,...more

Court Reviews New Washington Capital Gain Tax

Stoel Rives LLP on 12/14/2022

Effective January 1, 2022, Washington imposes an excise tax on an individual’s long-term capital gains from the sale of stock, bonds, and other assets exceeding $250,000 if the assets were located in Washington at the time of...more

Lower Taxes, More Problems? Unpacking the Impact of AB195 on California’s Cannabis Industry

Greenberg Glusker LLP on 10/5/2022

California has finally enacted a law, AB195, that provides tax relief for cannabis distributers. But what might seem at first glance to be a win for the cannabis industry potentially complicates things for retailers and...more

New Tax Legislation Shifts Consolidated Return Landscape in Georgia

Pillsbury Winthrop Shaw Pittman LLP on 5/12/2022

For tax years beginning on or after January 1, 2023, affiliated groups may elect to file a consolidated Georgia income tax return without having to seek the permission of the Georgia Department of Revenue. The principal...more

The Washington State Capital Gains Tax May Have More Than Nine Lives – The Saga Continues With the State Attorney General...

Foster Garvey PC on 4/13/2022

As I previously reported, the Washington state capital gains tax has had a turbulent ride, commencing with a rough ride through the legislative process where it almost hit disastrous terrain on at least six (6) occasions....more

Taxation & Representation, March 8, 2022

Brownstein Hyatt Farber Schreck on 3/9/2022

Legislative Lowdown - BBBA Comeback? President Biden’s first State of the Union address appears to have reignited discussions around a revised version of the Build Back Better Act (BBBA), though the president did not...more

The Turbulent Ride for Washington's New Capital Gains Tax May Have Come to a Screeching Halt

Foster Garvey PC on 3/3/2022

As previously reported on May 7, June 17 and November 4 of last year, two lawsuits were filed in Douglas County Superior Court in Washington, seeking a declaration that the state’s new capital gains tax is unconstitutional....more

Out With the Old, In With the New: Belgium Unveils New Expat Tax System

Fisher Phillips on 3/1/2022

The Belgian federal government recently adopted a new tax regime for expatriate employees and executives temporarily employed in the country. The new system went into effect on January 1, 2022, and replaced the previous...more

[Webinar] 2021 Year in Review: Arizona Tax Law - February 17th, 2:00 pm - 3:00 pm MST

Lewis Roca on 2/7/2022

On Thursday, February 17, join Lewis Roca’s State and Local Tax Group for a recap of 2021’s important Arizona state and local tax developments and a peek at 2022 Tax Legislation. Topics to be Covered: - Transaction...more

Crypto Tax Lawyers – 5 Things to Consider Before Hiring

Oberheiden P.C. on 2/7/2022

The IRS, Taxpayers, and Cryptocurrencies or virtual currencies - The Internal Revenue Service (“IRS”) issued its first guidance on cryptocurrencies— “virtual currencies''—in 2014, taking the position that crypto...more

Season's Greetings from Larry’s Tax Law

Foster Garvey PC on 12/23/2021

Like last year, 2021 has been a difficult year. The COVID-19 pandemic continues to be at the forefront of everyone’s existence. On top of that, the Delta variant and the most recently discovered Omicron variant have entered...more

Important Tax Legislation to Watch in the 2022 Alabama Regular Session

Bradley Arant Boult Cummings LLP on 12/17/2021

Because 2022 is an election year, the start date for the Alabama Legislature’s regular session comes early: Tuesday, January 11. As we do annually, here are some unofficial prognostications on the major items of tax...more

[Podcast] Phasing Out Corporate Income Taxes - North Carolina Edition

BakerHostetler on 12/2/2021

Matt Hunsaker discusses recent North Carolina tax legislation, including phase-out/phase-down of corporate and individual income tax rates, an elective passthrough entity SALT cap workaround, and simplification of the...more

Income Tax Update from the Supreme Court of Canada: The GAAR Does Not Apply to Treaty Shopping

Bennett Jones LLP on 11/30/2021

The Duke of Westminster Principle Still Lives On for Tax Planning - On November 26, 2021, the Supreme Court of Canada released its decision and reasons in Her Majesty the Queen and Alta Energy Luxembourg S.A.R.L., 2021 SCC...more

The Turbulent Ride for Washington’s New Capital Gains Tax Continues – The New Tax Regime Took Another Hit, But This Setback Came...

Foster Garvey PC on 11/4/2021

As previously reported on May 7 and June 17 of this year, Washington state lawmakers enacted a new capital gains tax, set to go into effect on January 1, 2022, but two lawsuits were initiated to declare the tax...more

Income Taxes › Tax Legislation