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SALT Savvy Blog

Articles: 1-10 of 57

Texas Tax Amnesty Program Kicks Off May 1st

USA - May 2 2018 The Texas Comptroller of Public Accounts (the “Comptroller”) will initiate the Texas Tax Amnesty Program (the “Program”) this week. The Program will…

U.S. Supreme Court Hears Oral Arguments in South Dakota v. Wayfair

USA - April 18 2018 Baker McKenzie attended the U.S. Supreme Court's oral arguments yesterday in South Dakota v. Wayfair, Docket No. 17-494. At issue in the case is…

New York’s FY 19 Budget is “GILTI” of Undermining Federal Tax Policy Objectives

USA - April 11 2018 The New York Legislature passed a budget bill (“NY Budget Bill”) that takes aim at several key provisions in the federal tax reform bill known as the…

Utah See’s Revenue, Ignores Transfer Pricing

USA - April 3 2018 The Utah Supreme Court recently heard arguments in Utah State Tax Comm’n v. See’s Candies Inc., Utah, No. 20160910-SC, which is an important case for…

Cuomo Proposes Sweeping Reforms in 30-day Amendments to Executive Budget

USA - March 12 2018 On February 15, 2018, New York Governor Andrew M. Cuomo released 30-day amendments to the State’s FY 2019 Executive Budget. The amendments contain…

Summary Judgment Denied (Again) in District of Columbia Transfer Pricing Cases

USA - February 27 2018 ExxonMobil Oil Corporation, Hess Corporation, and Shell Oil Company (collectively, the “Oil Companies”) were recently dealt another blow in their…

The Fate of the Physical Presence Nexus Standard

USA - February 23 2018 Just over a month ago, the U.S. Supreme Court surprised many in the state tax community when it announced that it granted certiorari in South Dakota v…

Pennsylvania Bill Seeks to Reverse Department’s Questionable Position On Full Expensing

USA - February 12 2018 Under the Tax Cuts and Jobs Act of 2017 (“Federal Tax Reform”), Internal Revenue Code (“IRC”) section 168(k) provides 100% immediate expensing for…

FOILed Subpoena: Public Interest Privilege Held to Offer Similar Protection to FOIL Exemption in New York

USA - January 11 2018 The New York Division of Tax Appeals recently held that the judicially developed public interest privilege offers the New York Department of Taxation…

Taxpayers and States Respond to Tax Reform’s Limitation on Individual SALT Deductions

USA - December 29 2017 With the 2017 Tax Cuts and Jobs Act (“Tax Reform”) fully enacted, taxpayers and practitioners are racing to find last-minute planning opportunities…