Corporate Taxes, Economic Presence Nexus

Bermuda Registrar of Companies New Registry System: Impact on Economic Substance Declaration Portal

Conyers on 5/21/2021

The Bermuda Registrar of Companies (RoC) has advised that it will be launching the first phase of its new company registry system on 7 June 2021. Economic Substance Declarations that have been started must be finished and...more

5 Key Takeaways: New York Corporate Tax Reform – Likely Audit Issues

Kilpatrick on 12/11/2017

At a recent New York tax conference, Jeffrey S. Reed, Chair of Kilpatrick Townsend’s State and Local Tax Group, discussed New York Corporate Tax Reform and likely audit issues. Takeaways from the speech include: Audits...more

Washington ALJ Upholds B&O Assessment on German Company’s Royalty Income

McDermott Will & Emery on 6/17/2016

On May 31, 2016, the Washington Department of Revenue (DOR) Appeals Division released a Determination (No. 15-0251, 35 WTD 230) denying a German pharmaceutical company’s business and occupation tax (B&O) protest. The...more

Economic Presence Standard for Income Tax Nexus

McDermott Will & Emery on 10/7/2015

In a question of first impression for Illinois, on May 12, 2015, Judge Schmidt of the Circuit Court of Sangamon County granted a summary judgment for the Illinois Department of Revenue, holding that the proper test for...more

MoFo New York Tax Insights - Volume 6, Issue 10

Morrison & Foerster LLP on 10/5/2015

State Tax Department Releases Draft Article 9-A Nexus Regulations Under Corporate Tax Reform - The New York State Department of Taxation and Finance has released draft amendments to the Article 9-A corporate franchise...more

New York State Tax Department Releases Draft Corporate Tax Nexus Regulations for Comment

Morrison & Foerster LLP on 9/9/2015

On September 2, 2015, the New York State Department of Taxation and Finance released draft amendments to the Article 9-A corporate franchise tax regulations to address significant changes relating to statutory nexus under...more

Inside the New York Budget Bill: Economic Nexus

McDermott Will & Emery on 4/4/2015

The New York Legislature has passed bills related to the 2015–2016 budget (S2009-B/A3009-B and S4610-A/A6721-A, collectively referred to herein as the “Budget Bill”) containing several significant “technical corrections” to...more

Corporate Taxes › Economic Presence Nexus