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By McDermott Will & Emery on Mar 6, 2018
Posted In New York
A Grain of SALT: March State Focus – New York On January 19, a New York qui tam complaint was unsealed. This was unremarkable in and of itself, as there are many qui tam complaints progressing through the courts. However, what was remarkable was the nature of the suit. The suit, State of New York...
By McDermott Will & Emery on Dec 21, 2017
Posted In Nationwide Importance, Uncategorized
In our holiday tradition, as a thank you to all of our Inside SALT readers and subscribers, we are pleased to present our annual Inside SALT Crossword Puzzle Contest. We hope you’ll enjoy this little diversion that tests your knowledge of key state and local tax developments this year. To enter, please download and print...
By McDermott Will & Emery on Dec 6, 2017
Posted In Uncategorized
Wrapping Up November – and Looking Forward to December You can view all of the topics we discussed over the last month here. Our lawyers appear at the following State and Local Tax events in December: December 4–5, 2017: Peter Faber, Arthur Rosen and Diann Smith spoke at the 36th Annual NYU Institute on State...
By McDermott Will & Emery on Dec 1, 2017
Posted In Nationwide Importance
As details of tax reform take shape, our team continues to evaluate proposed legislation and to provide critical, real-time guidance on the likely impacts to our clients. McDermott has always partnered with our clients to design strategies that are both creative and sound—to effectively plan for long-term business success. Access our new Tax Reform Resource Center for strategies and...
By McDermott Will & Emery on Oct 4, 2017
Posted In Uncategorized
Wrapping Up September – and Looking Forward to October Upcoming McDermott Will & Emery SALT Activities in October: October 9, 2017: Stephen Kranz is presenting about “State Corporate Tax Reform Trends” at the National Taxpayers Conference Annual Meeting, Washington DC. October 12, 2017: Cate Battin, Kristen Hazel, Britt Haxton, Jane May, Sandra McGill, Diann Smith and...
By Eric Carstens, McDermott Will & Emery and Stephen P. Kranz on Sep 15, 2017
Posted In Constitutional Issues, Nationwide Importance, Nexus, South Dakota
Yesterday, the South Dakota Supreme Court released its much-anticipated opinion in the Wayfair litigation, affirming a March 2017 trial court decision granting the remote retailer’s motion for summary judgment on the basis that the economic nexus law enacted in 2016 (SB 106) is unconstitutional and directly violates the US Supreme Court’s dormant Commerce Clause precedent...
By McDermott Will & Emery, Eric Carstens and Stephen P. Kranz on Aug 18, 2017
Posted In District of Columbia, Incentives, Income Tax, Interest and Penalties, Massachusetts, Minnesota, Missouri, Nationwide Importance, Nexus, North Carolina, Sales Tax, Tennessee, Transaction Taxes
Yesterday, the application period opened for the limited-time MTC Marketplace Seller Voluntary Disclosure Initiative opened and it will close October 17, 2017. Since our last blog post on the topic detailing the initiatives terms, benefits and application procedure, six additional states (listed below) have signed on to participate in varying capacities. The lookback period being...
By McDermott Will & Emery, Eric Carstens and Stephen P. Kranz on Aug 8, 2017
Posted In Incentives, Income Tax, Interest and Penalties, Nationwide Importance, Nexus, Sales Tax, Transaction Taxes
The Multistate Tax Commission (MTC) is moving quickly to implement a multistate amnesty program through its current National Nexus Program (NNP) for sellers making sales through marketplaces. The new MTC marketplace seller amnesty program is limited to remote sellers (3P sellers) that have nexus with a state solely as the result of: (1) having inventory...
By McDermott Will & Emery on Aug 1, 2017
Posted In Uncategorized
Wrapping up July—and Looking Forward to August SALT Activities for August: August 2, 2017: Diann Smith is moderating a panel at the 50th Multistate Tax Commission Annual Conference in Louisville, Kentucky about “The Significance of the MTC – Past, Present, and Future – from the Outside.” August 5, 2017: Stephen Kranz is presenting about Unclaimed...
By McDermott Will & Emery, Eric Carstens and Stephen P. Kranz on Jul 24, 2017
Posted In Audits, Constitutional Issues, Income Tax, Local Tax, Nationwide Importance, Nexus, Sales Tax, Transaction Taxes
The No Regulation Without Representation Act of 2017 (NRWRA) is scheduled for a hearing before the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law on Tuesday, July 25 at 10:00 am EDT in 2141 Rayburn House Office Building. The bill was introduced by Congressman Jim Sensenbrenner (R-WI) last month with House Judiciary Chairman...