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How Franchisors Can Legitimately Save State Income Taxes (Again) ( November 2003 )
On October 23, 2003, the New Jersey Tax Court issued a decision that most tax experts expect will change the direction state income taxation has been taking for the past decade. The new direction will re-open an opportunity for franchisors to avoid paying state income taxes by using intellectual property holding companies based in tax-haven states like Delaware and Nevada. -
The Strategy for Curbing Abusive Corporate Tax Shelter Growth Shows Promise but could be Enhanced by Performance Measures ( September 2001 )
Abusive corporate tax shelters are sophisticated transactions often developed by tax accountants, lawyers, and other financial service providers and sold to corporations as a way to lower their tax liabilities. Even though the transactions may comply with the tax law, they typically lack a legitimate business purpose other than reducing taxes. -
Long-Awaited Breakthrough in German Tax Reform ( September 2000 )
This article summarizes the recent fundamental tax reforms in Germany. -
British & United States Virgin Islands Companies: Caribbean Tax Planning Opportunities For The Pacific Rim ( October 2000 )
In recent years, British Virgin Islands ("BVI") International Business Corporations ("IBCs") have become an incre. -
IRS Issues Proposed Corporate Sponsorship Regulations That May Pose Problems for Tax-Exempt Organizations ( March 2000 )
On March 1, 2000, the Internal Revenue Service proposed a new set of regulations for corporate sponsorship payments to tax-exempt corporation. This article discusses the problems that may arise for tax-exempt corporations if those regulations are finalized. -
Danke Sehr… Bold Plans for German Tax Reform ( February 2000 )
This alert reviews the new German draft tax reform proposals that will be submitted to the German Parliament this May. -
Avoiding Multi-State Taxation ( November 1999 )
Does your company sell products to customers in states outside of Pennsylvania? If so, your company may be sub. -
The Problem of Corporate Tax Shelters ( July 1999 )
While corporate tax payments have been rising, taxes have not grown as fast as have corporate profits. One hallmark of corporate tax shelters is a reduction in taxable income with no concomitant reduction in book income. The ratio of book income to taxable income has risen fairly sharply in the last few years. Some of this decline may be due to tax shelter activity. -
Proposed Tennessee Business Tax Changes ( June 1999 )
Introduction On February 8, 1999, Governor Sundquist proposed the elimination of the Tennessee sales tax on food.