by Upstate Tax Professionals | Jan 22, 2020 | Tax Tips and News
Tax Policy – Looking Back on Taxation of Capital Gains
Key Findings A lookback charge is in addition to traditional income taxes due on the realization of a capital gain. In an ideal setting, the lookback charge eliminates the benefit of deferral and...
by Upstate Tax Professionals | Jan 22, 2020 | Tax Tips and News
Tax Policy – Missouri Considers Remote Sales Legislation
In the wake of the 2018 South Dakota v. Wayfair case, states were quick to take advantage of their new authority to tax online sales. By the end of 2019, all states with sales taxes except Florida...
by Upstate Tax Professionals | Jan 22, 2020 | Tax Tips and News
Tax Policy – Taxing Nicotine Products: A Primer
Key Findings: The American nicotine market is developing faster than ever due to introduction of non-combustible recreational nicotine products. These new products, along with a greater consciousness about...
by Upstate Tax Professionals | Jan 21, 2020 | Tax Tips and News
Tax Policy – Reforming Massachusetts Corporate Excise Tax for S Corporations
Massachusetts policymakers should reform the Commonwealth’s corporate excise tax to make it a simpler, more neutral revenue tool conducive to better economic growth. In our...
by Upstate Tax Professionals | Jan 21, 2020 | Tax Tips and News
Tax Policy – How Controlled Foreign Corporation Rules Look Around the World: France
In France, Controlled Foreign Corporation (CFC) rules were first enacted in 1980. The French tax regime operates on a strict territorial basis, where only profits generated...
Upstate Tax Professionals