This Little Piggy Goes To Market
For three generations (rock and roll, disco and new wave) the sourcing of services for state income tax apportionment didn’t get a whole lot of attention. Sure, there were rules included in UDITPA (Uniform Division of Income for Tax Purposes Act) that applied to services, but that was just catch-all language for anything “other than tangible personnel property.” And heck, Congress didn’t even address services when it passed P.L. 86-272, maybe the only law they...
The Global Minimum Tax: Will US Multistate Tax Conventions Apply?
A quick Google search for “Global Minimum Tax” brings up a host of news articles passionately advocating either for or against the proposal. In fact, a casual consumer of news could be forgiven for thinking that the global minimum tax is synonymous with the Biden Administration’s Made in America tax plan. The goal of a global minimum tax provision is to make American companies and workers more competitive by eliminating incentives to offshore investment and profit...
GAGNONtax Year-End State Tax Planning Checklist
As year-end approaches, whether that be calendar year-end or your specific fiscal year-end, actions can be taken to help reduce the effect of state income and non-income taxes on your company’s financial performance. To that end, the GAGNONtax partners have put together a checklist to assist in identifying potential tax saving opportunities. Learn more or contact us for a consultation. ...