Members of Ruchelman P.L.L.C. contribute to publications throughout the world and the Firm’s monthly tax journal, Insights.
This month, Tidbits returns to Insights. One tidbit addresses the on-again / off-again status of the Corporate Transparency Act. A second tidbit addresses a rare win for an individual who challenged taxation at the state level.
Read MoreFederal tax law has introduced a new type of gross income: Global Intangible Low Tax Income (“G.I.L.T.I.”). The provisions are designed to stop U.S. companies from shifting their profits to offshore jurisdictions, and states are given a choice to incorporate parts of Federal law in one of three ways. New Jersey has chosen “selective conformity.” Nina Krauthamer and Rusudan Shervashidze explain what this means for the state and for taxpayers.
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