United States

The Tax Exchange - May 2017

Is state tax reform coming in waves?

TAX BLOG

Is state tax reform coming in waves?

Contending with several quarters of weak growth in overall state tax collections, between 25 and 40 states are facing revenue shortfalls. The budget season is heating up with a flurry of legislation proposed to close those budget gaps for the 2018 fiscal year.

  • May 30, 2017
Would you take a 13-1 long shot on the taxation of digital goods?

TAX BLOG

Would you take a 13-1 long shot on the taxation of digital goods?

A colt named Cloud Computing won the 142nd Preakness Stakes in Kentucky…at a 13-1 long shot. Unfortunately, the same risk/reward scenarios rarely exist when it comes to getting the taxation of digital goods and services right.

  • May 23, 2017
Will congress pass mobile workforce legislation in 2017?

TAX BLOG

Will congress pass mobile workforce legislation in 2017?

Over the past decade, Congress has seen mobile workforce bills introduced in each session like clockwork. The intent of mobile workforce is to create a federal solution to the incongruity between the states’ income tax treatment of non-resident workers.

  • May 11, 2017
Connecticut sourcing guidance for companies in the finance industry

TAX BLOG

Connecticut sourcing guidance for companies in the finance industry

Historically, some entities in the financial service industry could not utilize Connecticut’s “financial service company” apportionment because the entity was either subject to the state income tax or did not meet the definition under the corporate business tax. With recent legislation and guidance from the Connecticut Department of Revenue Services, those rules no longer apply.

  • May 04, 2017

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