Upcoming National Meeting 2024 Forum on U.S. State and Local Taxes for European Companies (London) 1 day conference on U.S. State and Local Taxes for European companies. Leading practitioners with dedicated knowledge in this area will help attendees understand the tax requirements and risks of doing business or expanding into the vastly lucrative U.S. market. Differences between the U.S. and European tax systems will be covered and attendees will learn about threshold issues such as nexus an
Legislative Alert ISSUE 24-10; March 12, 2024 COST Urges MTC to Stop Developing an Alternative Trucking Services Receipts Sourcing Model; COST Opposes Hawaii Legislation Restricting Appeal Rights Based on Document Production During Audits; California Revenue Committee to Consider Ad Tax Legislation
Cost Conscious ISSUE 24-05; March 8, 2024 Sourcing Trucking Services Receipts, MTC Work Group – On February 15, the Multistate Tax Commission’s (MTC) Model Receipts Sourcing Regulation Review Work Group met and voted to draft an alternative model to source some or all trucking services receipts based on pickups and/or deliveries. Although the Work Group does not hold a consistent viewpoint as to whether an apportionment method using picku
COST - Council on State Taxation Amicus Briefs Olympic and Georgia Partners, LLC v County of Los Angeles COST filed an amicus brief in a California property tax case addressing the exclusion of certain intangible values in a hotel’s valuation that is pending before the Supreme Court of California. COST’s brief addresses a cost reimbursement provided by the City of Los Angeles and why that income should be excluded as an intangible value when capitalizing the income stream of the property. Issues with
COST - Council on State Taxation COST Studies, Articles & Reports Mandatory Worldwide Combined Reporting: Elegant in Theory but Harmful in Implementation This paper documents the harmful and unnecessary implications surrounding state adoption of mandatory worldwide combined reporting (MWWCR), by Douglas L. Lindholm and Marilyn A. Wethekam of the Council On State Taxation (COST).
COST - Council on State Taxation COST Comments & Testimony Testimony In Opposition to S.F. 4750 – Corporate Tax Disclosure COST opposes Minnesota legislation S.F. 4750 and H.F. 4513 which would violate taxpayers’ privacy rights and longstanding practices of fair tax administration by requiring reporting and disclosure of confidential tax information and making that information publicly available on the Minnesota Department of Revenue’s website three years after a taxpayer’s taxable year ends.