Tax Law

Recent Posts

Legal Alert: New York Governor proposes significant tax changes
Posted on 19 Jan 2019 by Eversheds Sutherland LLP

New York State Governor Andrew Cuomo released his Fiscal Year 2020 budget and accompanying legislation on January 15, 2019 (the Budget Bill). Among other things, the Budget Bill proposes statutory revisions to respond to the Tax Cut and Jobs Act of 2017... Read More

Legal Alert: New York instructs taxpayers on GILTI apportionment
Posted on 16 Jan 2019 by Eversheds Sutherland LLP

The New York State Department of Taxation and Finance released guidance in the form of tax return instructions addressing how it will account for global intangible low-taxed income (referred to as GILTI) for apportionment purposes. These instructions... Read More

Legal Alert: DC QHTC regulation amended to require new application procedure
Posted on 9 Jan 2019 by Eversheds Sutherland LLP

The District provides a variety of tax benefits to QHTCs, including sales and use tax1 and personal property tax exemptions,2 as well as a reduced corporation franchise tax rate.3 In order to qualify as a QHTC, a business must: Be an individual or... Read More

Legal Alert: District of Columbia imposes Wayfair nexus standard, digital goods taxation and marketplace sales tax collection requirements
Posted on 9 Jan 2019 by Eversheds Sutherland LLP

On December 31, 2018, District of Columbia Mayor Muriel Bowser signed B22-1070, the Internet Sales Tax Emergency Amendment Act of 2018 (Emergency Act). As of January 1, 2019, the District of Columbia now subjects digital goods to the 6% sales tax rate... Read More