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Corporate Taxes › Governor Murphy › Business Taxes

McDermott Will & Emery

Governor Murphy Saddles Taxpayers With the Nation’s Highest Corporate Tax Rate

McDermott Will & Emery on

New Jersey Governor Phil Murphy’s proposed flip-flop, which reneges on his promise to allow the state’s 2.5% corporate business tax surtax to expire, has now passed both the New Jersey State Assembly and Senate and been...more

McDermott Will & Emery

New Jersey Governor Flip-Flops on Corporate Business Tax Surtax Expiration

McDermott Will & Emery on

After months of insisting that he would not allow New Jersey’s 2.5% corporate business tax surtax to be extended – and previously having allowed it to lapse for tax years beginning on January 1, 2024 – New Jersey Governor...more

Eversheds Sutherland (US) LLP

It’s Not the Eggnog – New Jersey Proposes to Specially Allocate GILTI Based on GDP

Eversheds Sutherland (US) LLP on

On December 21, the New Jersey Division of Taxation released Technical Bulletin TB-85, which addresses how the Division will expect taxpayers to calculate the amount of so-called global intangible low-taxed income (GILTI) and...more

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