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European Commission publishes proposed directive on head office tax system for SMEs
n 12 September 2023, the European Commission (“Commission”) published a proposal for a directive establishing a head office tax (HOT)...
FirenzeCapitalAdvisors
Sep 20, 20234 min read
European Commission proposes BEFIT as new EU-wide corporate tax base
On 12 September 2023, the European Commission (“the Commission”) published its long-awaited proposal for a directive introducing a common...
FirenzeCapitalAdvisors
Sep 15, 20239 min read
Tennessee Appellate Court Holds for Taxpayer that Manufacturing Exemption Does Not Require Productio
Case No. M2022-01019-COA-R3-CV, Tenn. Ct. App. (majority opinion, 9/6/23); Case No. M2022-01019-COA-R3-CV, Tenn. Ct. App. (dissenting...
FirenzeCapitalAdvisors
Sep 13, 20231 min read
New Jersey: New and Updated Bulletins Reflect CBT Law Changes Involving GILTI, FDII, and Combined Re
Tax Bulletin No. TB-110: Corporation Business Tax GILTI Treatment for Privilege Periods Ending on and After July 30, 2023, N.J. Div. of...
FirenzeCapitalAdvisors
Sep 13, 20232 min read
Louisiana: New Bulletin Addresses Tax Collection and Remittance for Merchants Making Marketplace and
Remote Sellers Info. Bull. No. 23-001: Guidance on Collection and Remittance Requirements for Louisiana Merchants making Marketplace...
FirenzeCapitalAdvisors
Sep 12, 20231 min read
New Jersey: New and Updated Bulletins Reflect CBT Law Changes Involving Nexus and Combined Reporting
Tax Bulletin No. TB-108: Nexus for Corporation Business Tax for Privilege Periods Ending on and after July 31, 2023, N.J. Div. of Tax....
FirenzeCapitalAdvisors
Sep 8, 20232 min read
New Jersey: New and Updated Bulletins Reflect CBT Law Changes Involving Nexus and Combined Reporting
Tax Bulletin No. TB-108: Nexus for Corporation Business Tax for Privilege Periods Ending on and after July 31, 2023, N.J. Div. of Tax....
FirenzeCapitalAdvisors
Sep 6, 20232 min read
California OAL Approves Department of Tax and Fee Administration’s New Marketplace Sales Rule
Notice of Approval of Regulatory Action: Cal. Code of Regs., Title 18, section 1684.5, Cal. Off. of Admin. Law (8/28/23); Cal. Code of...
FirenzeCapitalAdvisors
Sep 2, 20231 min read
South Carolina: Comments Requested on Draft Ruling on Expanded Meaning of Motor Vehicle for Exemptio
SC REVENUE RULING #23-XX, S.C. Dept. of Rev. (Public Draft 8/28/23). The South Carolina Department of Revenue (Department) posted a draft...
FirenzeCapitalAdvisors
Sep 1, 20231 min read
Tennessee: Letter Ruling Says SMLLCs are Classified for Exemption Purposes the Same as Federal Tax P
Letter Ruling No. 23-08, Tenn. Dept. of Rev. (8/24/23). In a letter ruling involving whether a wholly owned single member limited...
FirenzeCapitalAdvisors
Aug 29, 20231 min read
South Carolina DOR Addresses State Conformity to Internal Revenue Code from 2021 through 2023
South Carolina’s Guide to Internal Revenue Code Conformity from 2021 – 2023, S.C. Dept. of Rev. (8/23). The South Carolina Department of...
FirenzeCapitalAdvisors
Aug 26, 20231 min read
Multistate Tax Commission and Streamlined Sales Tax Governing Board Support State Efforts to Promote
The Multistate Tax Commission (MTC) and Streamlined Sales Tax Governing Board (SSTGB) released a joint resolution supporting “state...
FirenzeCapitalAdvisors
Jul 26, 20231 min read
Multistate Tax Commission and Streamlined Sales Tax Governing Board Support State Efforts to Promote
The Multistate Tax Commission (MTC) and Streamlined Sales Tax Governing Board (SSTGB) released a joint resolution supporting “state...
FirenzeCapitalAdvisors
Jul 25, 20231 min read
Ohio: Resale Exemption Does Not Apply to Property Substantially Enhanced After Original Purchase
In a case involving a business that purchased three automobiles and substantially enhanced them before reselling them, the Ohio Board of...
FirenzeCapitalAdvisors
Jul 25, 20231 min read
New Jersey Retroactively Adopts 'Convenience of the Employer' Rule for Withholding
On July 21, 2023, the New Jersey legislature enacted AB 4694 (P.L.2023, c.125) (NJ AB 4694) to adopt a "convenience of the employer"...
FirenzeCapitalAdvisors
Jul 21, 20231 min read
Minnesota DOR Summarizes New Law Updating Conformity to IRC, Taxing GILTI, and Revising DRD and NOL
2023 Individual Income and Corporate Franchise Tax Legislative Bulletin, Minn. Dept. of Rev. (6/23). The Minnesota Department of Revenue...
FirenzeCapitalAdvisors
Jul 20, 20231 min read
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