LexisNexis® Legal Newsroom
Arkansas Task Force on Poverty Makes Tax Recommendations

The Arkansas Legislative Task Force on Reducing Poverty and Promoting Economic Opportunity issued several recommendations on tax policy in its final report released on Nov. 29. One in five Arkansas residents live on incomes below the federal poverty line. The task force obviously believes changing the...

Sutherland Legal Alert: The Multistate Tax Commission Takes Action on Proposal to Tax Pass-Through Entities Owned by Affiliates Not Subject to Corporate Income Tax

By Jeffrey M. Serether , Maria P. Eberle , and Michael L. Colavito, Jr. On March 10, 2011, the Executive Committee of the Multistate Tax Commission (MTC) voted to submit to public hearings the model statute that would subject to corporate income tax a pass-through entity owned by an entity that is...

Pepper Hamilton LLP: IRS Proposes Taxpayer-Friendly Changes to Section 382

By Annette M. Ahlers and Todd B. Reinstein Section 382 of the Internal Revenue Code generally requires a corporation to limit the amount of its income in future years that can be offset by historic losses (NOLs) once that corporation has undergone an "ownership change." 1 An...

A Grown-Up Conversation About Corporate Tax

Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now have public relations problems because the press has put a spotlight on their use of offshore tax havens. The tax dodging is disgraceful. The worst...

Tax Reform Goals Differ for Corporate Coalitions

When it comes to taxes, corporate America is divided into two parts. First, there are companies that pay full freight. Their effective tax rates are close to the statutory 35 percent rate. They tend to be low-tech and labor-intensive, and -- most of all -- they have most of their profits in the United...

Apple Sidesteps Taxes – What’s Wrong With That?

A front-page article in Sunday's New York Times (" How Apple Sidesteps Billions in Taxes ") is getting quite the buzz. A couple of things about the article. While the Times piece recognizes that there is nothing illegal about the techniques that Apple uses to minimize its taxes, it insinuates...

Statutory Apportionment and Burdens of Proof: CarMax West

In March, the Court of Appeals of South Carolina decided an interesting case involving a corporation's use of South Carolina's statutory standard apportionment formula in calculating the corporation's taxable state income. [See CarMax Auto Superstores West Coast, Inc. v. S.C. Dep't of...

Sutherland Legal Alert: The House Always Wins: Treasury and the IRS Offer a Loaded Deck of Regulations Addressing Global Reshufflings

By Robb Chase, Reggie Clark, Jeff Mace, Michael Miles, Carol Tello, Karl Zeswitz, Saren Goldner, and Bill Pauls, Sutherland Asbill & Brennan LLP On June 7, 2012, Treasury and the Internal Revenue Service (the IRS) issued much-anticipated final, temporary, and proposed regulations under section...

Sutherland Legal Alert: The House Always Wins: Treasury and the IRS Offer a Loaded Deck of Regulations Addressing Global Reshufflings

By Robb Chase, Reggie Clark, Jeff Mace, Michael Miles, Carol Tello, Karl Zeswitz, Saren Goldner, and Bill Pauls, Sutherland Asbill & Brennan LLP On June 7, 2012, Treasury and the Internal Revenue Service (the IRS) issued much-anticipated final, temporary, and proposed regulations under section...