State Tax
This is FindLaw’s collection of State Tax articles, part of the Finance section of the Corporate Counsel Center. Tax law for state and local government is contained in state codes sections, regulations, administrative codes, procedures and statements issued by the respective government authorities, as well as state court decisions. Business are also required to pay taxes. Business expenses are the associated costs of carrying on a business. Such expenses are typically deductible if a business is operated to make a profit. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Tax
State Tax Articles
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U.S. Virgin Islands: An Offshore Tax Planning Jurisdiction
.142.01 - U.S. Virgin Islands: Introduction The U.S. Virgin Islands is unique among offshore tax planning jurisdictions: it is the only jurisdiction which can offer a tax-free entity under the U.S. flag. Furthermore, because it is a U.S. territory ...
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Thelen Reid Report: Internet Tax Freedom Act Imposes Three-Year Moratorium on State and Local Government Taxation of the Internet
On October 13, 1998, the United States Supreme Court announced it will decide whether the Employee Retirement Income Security Act of 1974 ("ERISA") preempts two California rules that could be used to alter the terms of an employee benefit plan ...
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The Tax Free Entity Under The U.S. Flag: A United States Virgin Islands Exempt Company
It will come as a surprise to many practitioners that the Internal Revenue Code provides an international tax planning tool with one very unusual feature: a corporate entity which enjoys all the non-tax advantages of incorporation in a United States ...
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The Publicly Supported Charity-The features, the basic rules and requirements of the most common publicly supported charity under subsection 509(a)(1)
Of the four different kinds of public charities recognized under Section501(c)(3) of the Internal Revenue Code, the traditional publicly supported charity is the most common form. The tax exempt letter will refer to it as a subsection509(a)(1 ...
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The Proposed Business Tax a Heavy Burden by Any Name?
On February 8, 1999, in his State of the State address, Governor Don Sundquist proposed what he characterized as "The most sweeping business tax changes in three-quarters of a century." The broad parameters of the Governor's proposal were: First ...
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The IRS Warning to Tax-Exempt Hospitals on Alliances
THE COMPETITIVE PRESSURES on nonprofit hospitals brought about by drastic changes in the economics of health care have forced these institutions to think and act more like businesses. Among the many innovations that would have been almost ...
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State Tax Incentives Newsletter
First, new Department of Revenue Director, Betsy Carpentier, stepped in as Chairman of the Subcommittee of the Coordinating Council Committee. (Maybank had served as Chairman of the Committee since its inception.) Very recently Renee Oswald ...
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The Canadian Goods and Services Tax
The goods and services tax (the "GST") is a broad-based value-added tax levied by the federal government at two rates: 7% and 15%. The 15% rate is only levied on transactions that are considered to be made in one of the provinces that has ...
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The Betsy King LPGA Classic Hit with Amusement Tax Liability
On September 7, 1999, a three judge panel of the Pennsylvania Commonwealth Court reversed an order of the Berks County Court of Common Pleas which had held that The Betsy King LPGA Classic was not retrospectively liable for the collection of a local ...
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Taxation of Electronic Commerce in Canada
Technological developments in electronic commerce over the past several years have strained the ability of the tax authorities to apply existing principles and concepts to tax persons on the resulting income. Perhaps the most obvious electronic ...
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