United States

The Tax Exchange - April 2017

State gross receipts taxes—a new trend in state tax law?

State gross receipts taxes—a new trend in state tax law?

Facing the uncertainty of federal tax reform, and in addition to widespread budget deficits and lackluster economic growth, several states are considering new (or bringing back old) methods of revenue generation.

  • April 19, 2017
Who is on first, sales tax is on second...

Who is on first, sales tax is on second...

…and nobody knows what is on third. The Abbot and Costello skit was made well before e-commerce arrived, but its focus on confusion is an apt parallel to the current state of sales tax nexus in this country.

  • April 18, 2017
Amazon wins the transfer pricing case against the IRS

Amazon wins the transfer pricing case against the IRS

The U.S. Tax Court ruled against the IRS and concluded that Amazon properly priced the value of certain pre-existing intangibles to be used in Amazon’s European business. This was yet another blow to the IRS and could end up costing the IRS billions in other cases if the ruling persuades other companies to continue to fight on similar issues.

  • April 03, 2017

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