News & Analysis as of

Corporate Taxes Gross Receipts Tax

Eversheds Sutherland (US) LLP

Reforming San Francisco’s gross receipts tax

On February 5, 2024, the Offices of the Controller and Treasurer & Tax Collector for the City and County of San Francisco published a report outlining tax reform recommendations in time to inform a potential ballot measure...more

Freeman Law

Texas Tax Roundup | June 2022

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Things have been heating up this summer. Let’s see what’s been cooking with the Texas Comptroller’s office....more

Freeman Law

So, The Texas Comptroller Says You Owe Tax—Now What?

Freeman Law on

It’s a letter that no one looks forward to—a notice of determination (also sometimes called a “Notification of Audit Results,” “Notification of Exam Results,” or “Notice of Tax/Fee Due”) from the Texas Comptroller of Public...more

Foster Garvey PC

Does the Oregon CAT Have Nine Lives? – Time Will Tell Whether Senate Bill 787 Repeals the Oregon Corporate Activity Tax

Foster Garvey PC on

Oregon State Senator Fred Girod, a Republican from Stayton, Oregon (District 9), is sponsoring Senate Bill 787 ("SB 787"). If passed, SB 787 would repeal the Oregon Corporate Activity Tax (the "CAT"). So far, the bill does...more

Foster Garvey PC

The Changing Face of Employer State Tax Reporting and Payment Obligations in the Coronavirus Telework "New Normal"

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In the wake of the coronavirus pandemic, companies in wide-ranging industries across the country have unprecedented numbers of employees working from remote locations. In a prior post, we discussed numerous issues that may...more

Schwabe, Williamson & Wyatt PC

Oregon CAT: Draft Rule Regarding the Sourcing of Commercial Activity for Financial Institutions in This State

On May 4, 2020, the Oregon Department of Revenue (“DOR”) issued a new draft rule regarding the Oregon Corporate Activity Tax (“CAT”). This draft rule provides guidance to assist taxpayers in determining the sourcing of...more

Buckingham, Doolittle & Burroughs, LLC

Ohio Commercial Activity Tax – Ohio Board of Tax Appeals relies on federal income tax treatment of vehicle financing transactions...

A common question in many Ohio commercial activity tax (CAT) audits is whether federal tax treatment may be relied upon. Although the statute says it should (R.C. 5751.01(K)), the Tax Commissioner is often reluctant to accept...more

McDermott Will & Emery

BREAKING NEWS: New York Considers 5% Gross Receipts Tax on Almost Every Corporation

McDermott Will & Emery on

On January 21, A. 9112 was introduced in the New York Assembly. An identical Senate companion bill, S. 6102, has been referred to the Senate Budget & Revenues Committee after being introduced in May 2019. The bills would...more

BCLP

UK Tax Developments

BCLP on

Retailers and brand owners should be mindful of recent UK tax developments that impact taxation of gross receipts and taxation of digital activities. The new income tax charge on offshore receipts from intangible property...more

Buckingham, Doolittle & Burroughs, LLC

Taxpayer permitted to correct fatal mistake by retroactively making consolidated election for Ohio commercial activity tax and...

The Ohio Board of Tax Appeals recently allowed a taxpayer to retroactively elect to be taxed as a consolidated taxpayer for Ohio commercial activity tax, even after an audit had commenced. Nissan North America, Inc. v....more

Foster Garvey PC

Be Aware: The CAT Is on the Prowl – the Oregon Department of Revenue’s Town Hall Meetings Begin Tonight

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We have recently discussed in several blog posts Oregon’s new Corporate Activity Tax (“CAT”), a gross receipts tax that will become effective January 1, 2020. As we announced in our most recent post on this topic, the Oregon...more

A&O Shearman

Base Erosion and Anti-Abuse Tax (BEAT): Government Issues Proposed Regulations

A&O Shearman on

On December 13, 2018, the Treasury Department and the Internal Revenue Service issued highly-anticipated proposed regulations (the “Regulations”) regarding the base erosion and anti-abuse tax (generally referred to as the...more

Foster Garvey PC

The Oregon Corporate Gross Receipts May Be Dead – at Least for Now

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For more than a year, I have been discussing the potential that Oregon lawmakers will pass a corporate gross receipts tax. On May 26, 2017, we discussed recent events that would lead a reasonable person to believe that the...more

Allen Matkins

The Tax Man Cometh To Nevada Businesses

Allen Matkins on

Nevada likes to market itself as a low tax jurisdiction, touting the fact that “Nevada does not impose income tax on domestic or foreign corporations.” It may not impose a tax on income, but it does impose a tax on...more

McNees Wallace & Nurick LLC

Focus on Pennsylvania Corporate Taxes

With the November 4th election of Democrat Tom Wolf as Pennsylvania’s next Governor, Pennsylvania corporate taxpayers face an interesting budget season in 2015. During the campaign, Wolf advocated for a severance or...more

McDermott Will & Emery

New Jersey Tax Court Finds Two Pennsylvania Taxes Are Not Required To Be Added Back

McDermott Will & Emery on

In a Corporation Business Tax (CBT) case, PPL Electric Utilities Corporation v. Director, Division of Taxation, Dkt. No. 000005-2011 (N.J. Tax. Ct. Oct. 2, 2014), the Tax Court of New Jersey found for the taxpayer and held...more

Stoel Rives LLP

Tax Law Alert: Sales Factor Excludes Amounts Received from the Sale of Goodwill

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In a case argued by Stoel Rives, the Oregon Supreme Court upheld the judgment of the Oregon Tax Court in favor of Tektronix, Inc. The Supreme Court ruled that, for purposes of apportioning income, the sales factor excluded...more

Snell & Wilmer

Sales Tax Refunds on Defaulted Credit Sales: Does Anyone Get a Refund?

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James Susa analyzes the state tax statutory structures and major court decisions on bad debt deductions and concludes that in practice, the availability of such a deduction is limited in scope. Each state that imposes...more

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