Kilpatrick’s David Hughes and Jeff Reed recently participated in panel, sponsored by Strafford, addressing the topic of “SALT and Multinational Businesses: Analyzing State and Local Taxation of Foreign Company Transactions.” The panel discussed how state and local tax laws apply to foreign investment and ownership by United States businesses and individuals, with attention to the Tax Cuts and Jobs Act’s repatriation tax, tax haven legislation, add-back statutes, apportionment, and constitutional limitations. They all addressed common See more +
Kilpatrick’s David Hughes and Jeff Reed recently participated in panel, sponsored by Strafford, addressing the topic of “SALT and Multinational Businesses: Analyzing State and Local Taxation of Foreign Company Transactions.” The panel discussed how state and local tax laws apply to foreign investment and ownership by United States businesses and individuals, with attention to the Tax Cuts and Jobs Act’s repatriation tax, tax haven legislation, add-back statutes, apportionment, and constitutional limitations. They all addressed common issues and traps for foreign businesses creating a footprint in the United States, including sales tax collection obligations, unanticipated state and local taxes, and combined reporting.
* The opinions expressed are those of the attorneys and do not necessarily reflect the views of the firm or its clients. This video is for general information purposes and is not intended to be and should not be taken as legal advice. See less -
