East on the Rise: The Transformation of Central and Eastern Europe into a Global Logistics Hub
August 14, 2014.
Antwerp, Rotterdam and Dusseldorf are well known logistics hubs in Europe, however, some cities in Central and Eastern Europe (CEE) are on their way to becoming regional hubs. New infrastructure such as roads, deep water ports and railroads, along with economic factors such as increased citizen purchasing power and low...Read More
Russian Industry Sector Sanctions
August 11, 2014.
In order to address Russia’s policy of destabilization in the Ukraine and the occupation in Crimea, the U.S., and the E.U. are increasing the sanctions imposed against Russia. US Sanctions: Federal Register Vol. 79. No. 151 Wednesday, August 6, 2014 The Bureau of Industry and Security has amended the Export...Read More
Weekend deliveries in Europe – Yes!
July 30, 2014.
European parcel carriers are taking bold steps forward by expanding weekend delivery services. DPD – a time critical carrier in the UK – began express Sunday delivery in the United Kingdom on July 20, 2014. The new service includes DPD's “Predict” timeslot deliveries, where the recipients are...Read More
New York State Franchise Tax Bright-Line Nexus Changes
July 25, 2014.
Think you’re exempt from New York franchise tax because you don’t have a physical presence in New York? Starting in 2015, think again! Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted New York state and MTA district...Read More
Qualities of a Fair State Tax Administration Part 5 – Transparency via Published Letter Rulings and Decisions
July 20, 2014.
This is the fifth and final posting in a series about the qualities of a fair state tax administration. These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes. Their fifth published report is found here. ...Read More
Qualities of a Fair State Tax Administration Part 4 – Adjustments to Federal Corporate Tax Liability: Amending State Returns
July 19, 2014.
This is the fourth in a series of posts about the qualities of a fair state tax administration. These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes. Whenever a federal income tax return is changed,...Read More
House Votes to Reinstate Research and Experimentation Tax Credit
July 18, 2014.
On May 9, 2014, the U.S. House of Representatives voted to reinstate the Research & Experimentation Tax Credit under Section 41 of the Internal Revenue Code. This had previously expired on December 31, 2013. It must still pass the Senate where the Senate Finance Committee backs a measure extending the credit through the...Read More
Qualities of a Fair State Tax Administration Part 3 – Corporate Income Tax Return Due Dates and Protest Periods
July 17, 2014.
This is the third in a series of posts about the qualities of a fair state tax administration. These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes. The two qualities discussed in this article deal...Read More
Nexus and Online Sales
July 16, 2014.
With the Marketplace Fairness Act still pending, many retailers may not be collecting sales tax on their online sales until Congress takes action. What they fail to note, however, is that companies who have a physical presence nexus in a state are subject to retail sales tax now, and...Read More
Georgia Broadens Manufacturing Exemption
July 15, 2014.
On July 1, 2014, Georgia will put into effect a broader scope of items included in the manufacturing exemption for sales and use tax. House Bill 900 was signed into effect by Governor Deal on April 24, 2014, a copy of which can be found here. What It Entails Consumable supplies are defined in...Read More
New York State Franchise Tax Sweeping Changes in 2015
July 08, 2014.
On March 31, 2014, New York Governor Andrew Cuomo signed the most extensive New York state corporation franchise tax reforms in almost four generations. The overall result was to eliminate some of the older elements of the franchise tax and implement rules that are more in line with other major states. Some...Read More
Potential U.S. West Coast Port Strikes - Update
June 25, 2014.
Last month, Allyn published an article about the threat of a possible strike in West Coast ports in lieu of the July 1st expiration date for the contract between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association. Hopes are high that the strike will be avoided,...Read More