Read our August 2018 posts on stateandlocaltax.com or read each article by clicking on the title. For the latest coverage and commentary on state and local tax developments delivered directly to your phone, download the latest version of the Eversheds Sutherland SALT Shaker app.

FEATURED VIDEOS

  • Videocast: State tax considerations of IRC § 965
    In this Bottom Line videocast, Eversheds Sutherland attorneys Aaron Payne and Todd Betor discuss the state tax consequences and considerations of IRC § 965. This videocast includes:

    • A federal income tax overview of IRC § 965
    • SALT considerations of IRC § 965
    • Specific state responses
  • Videocast: Indirect tax compliance in the global digital economy
    In this video, Eversheds Sutherland (US) Partner Maria Todorova and Eversheds Sutherland (International) Partner Giles Salmond discuss:

    • Why taxpayers need to be aware of the global indirect tax landscape
    • Impact of the Wayfair decision on indirect taxes
    • Why indirect taxes are important if you supply digitized services

SALT SOCIETY

Send us your news for the next issue of SALT Society, which features events in the lives of state and local tax practitioners. Please share pictures from your vacation, a favorite hobby, a new baby, wedding news or a house move!

Eversheds Sutherland’s SALT team was pleased to sponsor the Council on State Taxation (COST) Regional Meeting (Mid-Atlantic) at the lovely Capital One facility in McLean, VA on August, 29, 2018.

Panel highlights included:

 

  • Jeff Friedman and Liz Cha presenting on  State Tax Cases and Issues to Watch
  • Michele Borens presenting on Sales Taxation in the Post-Wayfair World and Modernizing State Sales Tax Systems after Wayfair 
  • Todd Lard presenting on the State Tax Policy Update: 2018 & Beyond – including Certain Federal Legislation
  • Michele Borens and Justin Stone presenting on the Latest Developments in Approaches to Alternative Apportionment

All of the presentations were well-received and we enjoyed catching up with our friends at COST. We are looking forward to upcoming COST presentations in Atlanta and Seattle later in 2018 as well as the national conference.

 

Meet Teyo, a mixed breed, part Boxer and part American bulldog owned by Karen Galdamez, Director of National and International Meetings at the Council On State Taxation (COST). Teyo has always exceeded his owners’ expectations. Karen recounts that when she and her family adopted Teyo at just 10 weeks old, the staff at Operation Paws for Homes (OPH) said that Teyo would be around 30 to 40 pounds. Teyo currently weighs 104 pounds, which has earned him the nickname, “Big Boy,” a moniker he answers to.

True to his nickname, Teyo loves to eat just about anything, but his favorite food is chicken and rice soup followed by ice cream as a close second. He’s also very crafty about getting treats. If he wants a dog treat, he sits in front of the cabinet where his food is stored, but if he wants a human treat, Teyo will park himself in front of the oven.

Teyo communicates his feelings in other ways, too. When Karen was packing for a recent trip, Teyo threw her already packed sweaters on the floor when she wasn’t looking. She later discovered he’d also chewed several buttons off her sweaters, as well. Teyo’s favorite way to communicate with his family is to snuggle. He doesn’t let his size deter him from being a lap dog, even with Karen’s niece. When he’s not snuggling, Teyo loves exploring the park. Teyo is currently undergoing chemotherapy for lymphoma cancer, and his vet feels that, because Teyo is so young and strong, he’s a great candidate for his cancer to go into remission.

 

We’re sending Teyo and his family our warmest wishes for a speedy recovery!

To submit YOUR pet to be featured, visit the Eversheds Sutherland SALT Shaker App, click the Pet of the Month in the drop-down menu, then click “Submit A Pet.”

In this Bottom Line webcast, Eversheds Sutherland attorneys Aaron Payne and Todd Betor discuss the state tax consequences and considerations of IRC § 965. This videocast includes:

  • A federal income tax overview of IRC § 965
  • SALT considerations of IRC § 965
  • Specific state responses

 

In this article in the Journal of Multistate Taxation and Incentives, Charlie Kearns and Dennis Jansen provide an overview of those recent state and local tax legislative developments affecting cryptocurrency, including attempts to protect miners or holders from excessive taxation and incent them to “locate” in a jurisdiction, which may offer some insight into future trends in state taxation of these transactions.

View the full article.

August 29, 2018

Council on State Taxation (COST)

Eversheds Sutherland is a proud sponsor of the COST Mid-Atlantic Regional State Tax Seminar on August 29, 2018, in McLean, Virginia. Join us to network with your peers and receive the latest information on significant state tax issues for the Mid-Atlantic states. Registration information can be found here.

Our Eversheds SALT team is participating in several presentations on hot SALT topics:

  • Federal Tax Reform: Overview of the State Tax Impact of Sweeping Changes – Jeff Friedman
  • Sales Taxation in the Post-Wayfair World and Modernizing State Sales Tax Systems after Wayfair – Michele Borens
  • Current Legislative Developments in the Mid-Atlantic States – Jeff Friedman
  • Discussion of State Tax Cases and Issues to Watch – Jeff Friedman and Liz Cha
  • State Tax Policy Update: 2018 & Beyond – including Certain Federal Legislation – Todd Lard
  • Latest Developments in Approaches to Alternative Apportionment – Michele Borens and Justin Stone

We hope to see you there!

The Eversheds Sutherland SALT Team is always excited to see what kind of pets our clients and friends have. Our team features a different pet at the end of every month, and we want to feature YOURS! Featured pets will receive a fun prize from the SALT Team. The deadline for August submissions is Monday, August 27.

To submit your pet to be featured, visit the Eversheds Sutherland SALT Shaker App, click “Pet of the Month” in the drop-down, then click “Submit A Pet.”

Don’t have the app? It is available for download in the Apple App Store, Google Play and the Amazon Appstore.

View previously-featured furry friends.

The Missouri Court of Appeals affirmed a lower court’s finding that Tracfone Wireless was a “home service provider” under the Mobile Telecommunications Sourcing Act and owed the City of Springfield unpaid gross receipts license taxes. Tracfone argued that since it was not authorized to provide commercial mobile radio services in Missouri, it had no licensed service area. Accordingly, Tracfone argued that the City of Springfield cannot encompass a licensed service area upon which Tracfone was taxable. However, at oral argument, Tracfone admitted to being subject to the tax, but not on the basis used by the lower court. The Court of Appeals held that it is primarily concerned with the correctness of the result, not the route taken to reach it. In determining the amount of tax due, the Court of Appeals disagreed with the city’s contention that it should be based on activation zip code and upheld the lower court’s calculation based on customers’ credit card billing addresses within Springfield.

Full cite: Tracfone Wireless Inc. v. City of Springfield, Nos. SD34937 and SD34948 consolidated (Mo. Ct. App. filed July 17, 2018).

Consumption-based taxes are spreading worldwide, and multinational businesses need to be aware of the global indirect tax landscape. Governments are looking for ways to react to and manage the disruptive effect of new and emerging business models, and they are using technology to collect, analyze and share taxpayer data.

In the new Bottom Line webcast, Eversheds Sutherland (US) Partner Maria Todorova and Eversheds Sutherland (International) Partner Giles Salmond discuss:

  • why taxpayers need to be aware of the global indirect tax landscape
  • impact of the Wayfair decision on indirect taxes
  • why indirect taxes are important if you supply digitized services

Read our July 2018 posts on stateandlocaltax.com or read each article by clicking on the title. For the latest coverage and commentary on state and local tax developments delivered directly to your phone, download the latest version of the Eversheds Sutherland SALT Shaker app.

FEATURED PUBLICATIONS

  • Eversheds Sutherland SALT Scoreboard Publication–Second Quarter 2018
    This is the tenth edition of the Eversheds Sutherland SALT Scoreboard, and the second edition of 2018. Each quarter, we tally the results of what we deem to be significant taxpayer wins and losses and analyze those results. This edition of the SALT Scoreboard includes a discussion of the United States Supreme Court’s decision in South Dakota v. Wayfair, Inc., insights regarding Chicago’s taxation of streaming video, and a spotlight on New York cases.

INTRODUCING SALT SOCIETY

  • We at the SALT Shaker are serious about our mission to shake things up in state and local tax, which is why we are launching SALT Society. In addition to tracking legislation, analyzing cases and previewing upcoming presentations, we want to share the happenings that impact the lives of state and local tax practitioners.The SALT Society will allow us to not only celebrate your pets, but also to celebrate you! Please share with us pictures from your personal events such as a vacation, a favorite hobby, a new baby, wedding news or a house move. We plan to share our important happenings as well. Kicking things off are photos of Jeff Friedman’s summer trip to Cuba with his daughter and Maria Todorova’s adventures with her family in Alaska.

EVENTS – LEARN ABOUT OUR UPCOMING EVENTS