Transition tax Archives

News of Wayfair Decision Breaks during Tax in the City® New York

by McDermott Will & Emery | Jun 28, 2018 | Constitutional Issues, False Claims Act, Federal Tax, Nationwide Importance, Nexus, Sales Tax, South Dakota

The first New York meeting of McDermott’s Tax in the City® initiative in 2018 coincided with the June 21 issuance of the US Supreme Court’s (SCOTUS) highly anticipated Wayfair decision. Just before our meeting, SCOTUS issued its opinion determining that remote sellers that do not have a physical presence in a state can be required to collect sales tax on sales to customers in that state. McDermott SALT partner Diann Smith relayed the decision and its impact on online retailers to a captivated audience. Click here to read McDermott’s insight about the decision.

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State and Local Tax Aspects of Republican Tax Reform Framework

by McDermott Will & Emery | Sep 29, 2017 | Allocation/Apportionment, Federal Tax, Income Tax, Local Tax, Nationwide Importance, Property Tax, Tax Base, Transfer Pricing

The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on federal tax reform. The states conform to the federal tax laws to varying degrees and the extent to which they will adopt any federal changes is uncertain. This memorandum outlines some of the key areas—individual taxation, general business taxation and international taxation— with which the states will be concerned as details continue to unfold.

Republican Leaders Release Tax Reform Framework

by McDermott Will & Emery | Sep 28, 2017 | Federal Tax, Income Tax, Nationwide Importance, Transaction Taxes

The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on tax reform. This outline will serve as a useful framework in structuring what will be an active, and likely contentious, phase of reform activity.

News of Wayfair Decision Breaks during Tax in the City® New York

State and Local Tax Aspects of Republican Tax Reform Framework

Republican Leaders Release Tax Reform Framework

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