Tax Law News and Insights

Tax Legal Update As we described here, earlier this year the Washington Supreme Court ruled that the state's capital gains tax is a constitutional excise tax, not an income tax, even though it is measured by net long-term capital gains allocable to Washington. Politicians and some press argued that the tax...

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The EU has adopted a directive implementing the OECD global minimum tax rules ('Pillar 2'). Even though the US did not adopt the Pillar 2 rules, they can have a significant tax impact on US multinational enterprises ('MNEs'). Pillar 2 will apply to MNEs with annual global revenues exceeding €...

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Peter Barnes co-wrote the May 22, 2023 letter "No Time for Waiting" for Tax Notes Today International. Below is the entire letter. Please visit this link to view the letter as it appears in Tax Notes Today International. . . . To the Editor: Taxpayers and tax advisers clamor for tax certainty. Without...

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