Upcoming National Meeting

2022 Canadian Tax Workshop For U.S. Companies

Two and a half day Workshop covering the key tax issues U.S. companies who are doing business with Canadians or in Canada need to know. The primary focus of the Workshop will be on GST, HST and Income Tax but will also cover QST, Payroll and Property Taxes. Attendees will also participate in an interactive audit session covering Canadian tax issues that they’ve been dealing with.

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Newsletters & Media

Cost Conscious

ISSUE 22-19; September 23, 2022

Company Travel Budgets – It’s that time of year again, when we ask about member companies’ travel policies for conferences, continuing education, and other meetings. We are hopeful that travel and budget policies of member companies have significantly improved in the past year (or even months). Which of the following statements best describes your company’s current approach to employee travel?

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Bloomberg TAX

Truss Says UK Tax Cuts Are the ‘Right Plan’ Amid Market Rout (3)

September 29, 2022

Liz Truss defended her UK government’s huge set of unfunded tax cuts after it sent the pound and gilts tumbling, instead blaming global economic pressures for the fallout from her fiscal package last week.

HILL TAX BRIEFING: New IRS Head Could Be Management Whiz

September 29, 2022

Read more: Yellen prepared to stay past midterms. Jose Murillo leaves Treasury. Kristi Noem promises to eliminate South Dakota's grocery tax.

Newsom Vetoes Tax Credit for Low-Income Californians Without Cars

September 29, 2022

California Gov. Gavin Newsom rejected a bill Wednesday that would have given low-income Californians a $1,000 tax credit per household that didn't own a car, saying the $1 billion price tag is too high.

Newsom Signs Bill Restoring Flow of Winegrower Tax Return Data

September 29, 2022

California will publicly release confidential information from winegrower tax returns upon request under a bill signed by Gov. Gavin Newsom (D) on Wednesday.

Lawsuit Funders Look to Take Advantage of Currency Value Plunge

September 29, 2022

Roy Strom's latest Big Law Business column explores how the currency plunge that's gripping the United Kingdom and Europe relative to the dollar has created an arbitrage play for litigation finance companies in the US.

The Dollar Is a Problem for World, and the US Just Doesn’t Care

September 29, 2022

The mighty dollar is steamrolling everything right now, causing issues for economies almost everywhere—except in the US. That means that, for now at least, it’s not America’s problem and the historic central-bank-fueled surge in the greenback is unlikely to abate anytime soon.

Democrats Ask Yellen to Reject Lobbying on Minimum Corporate Tax

September 29, 2022

Congressional Democrats are urging the Treasury Department to ignore appeals by lobbyists to weaken the 15% minimum levy on domestic corporations.

Creative Biden Student Debt Relief Challenge Still Might Fail

September 29, 2022

The first lawsuit filed to stop President Joe Biden’s student loan debt relief plan is creative, but not everyone is sure it will work. An opt out revision could moot the case, legal scholars say.

Student Loan Forgiveness? It’s Taxable in Some States (Podcast)

September 29, 2022

An estimated 43 million Americans qualifying for the Biden administration’s student loan debt forgiveness program won’t have to account for the $10,000 benefit on their federal 1040 tax returns next year, but they could face a very different reality when they file their state returns.

Here Are a Few Not-So-Scary Ways to Avoid Ghosting Your Clients

September 29, 2022

Lack of communication and neglect routinely top the list of client complaints. Depending on the specifics, they can also lead to ethics problems. So how can you balance your sanity with client expectations? Here are a few tips.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Walmart Stores v. Johnson County Board of Commissioners

COST amicus brief seeks consistent application of Kansas’ property tax valuation law following Kansas Court of Appeals’ decision In re Equalization of Prieb Properties, 47 Kan. App. 2d 122 (2012). If there is a change to the State’s valuation process, it should be from the legislature and not the Kansas Supreme Court.

COST - Council on State Taxation

COST Studies, Articles & Reports

Locally Administered Sales and Accommodations Taxes: Do They Comport With Wayfair?

The Study effectively demonstrates that the burdens of complying with numerous disparate local tax regimes are extremely onerous, particularly in states that lack centralized collection and remittance of local taxes. The Study opens with a Foreword authored by well-known state and local tax experts Jeffrey A. Friedman and Nikki E. Dobay of Eversheds Sutherland LLP that evaluates and analyzes the l

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Support of S.B. 1315: No CNIT Nexus From Partial Remote Work

COST testimony in support of S.B. 1315, which would allow Pennsylvanians to work remotely in the State for their out-of-state employers for part of the year without imposing Pennsylvania Corporate Net Income Tax (CNIT) obligations on their employers. This legislation is beneficial to the State both by affording Pennsylvanians flexible work arrangements, and by keeping talented Pennsylvanians from