As more and more US states face crippling deficits, they are turning to a new application of the tax laws as a potential source of revenue. Retailers are reacting by filing suit and terminating contracts in the states that pass these laws. Though many believe these laws affect only internet companies, Erin Kelechava explains that they could have far-reaching implications for the tax treatment of all kinds of out-of-state companies.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
There was a ‘deeply embedded culture within PwC that routinely disregarded formal confidentiality obligations,’ the chairman of Australia’s Tax Practitioners Board said
Setu Kamal became the first practising barrister to be added to the UK’s tax avoidance promoter list; in other news, UHY expanded its network in Canada
US President Donald Trump’s tariffs may get thrown out by courts in the future and taxpayers should already be planning for that possibility, BDO’s Dustin Stamper tells ITR
The firm has appointed Deloitte’s former tax leader for Thailand to lead the new operation, which builds on considerable Asian investment in recent months
The Donald Trump administration could use legislation from 1930 if the Supreme Court blocks its tariffs; in other news, China has updated its VAT refund procedures