Tax

On February 26, 2014, Chairman Camp of the House Ways and Means Committee released his long-anticipated discussion draft for U.S. tax reform.  The discussion draft comes in at almost 1,000 pages (not including JCT analysis) and, if passed, would constitute the most substantial reform of...

Twitter’s upcoming IPO has brought increased attention to the company and its international tax affairs.  Twitter’s SEC filings have brought to light a number of Irish and Dutch subsidiaries, so it appears the company may follow Apple and Google’s lead in adopting a Double Irish...

On Friday, October 4, 2013, Governor Brown signed into law AB 1412, which reinstated the California tax break for Qualified Small Business Stock (QSBS) that had previously been ruled unconstitutional by the California Court of Appeals. The new legislation applies retroactively to the tax years...

Carol:             Roger are you with us?Roger:            Yes I am. Thank you Carol.Carol:             Hi! Good Morning.Roger:            Good morning and thank you all for attending. My name is Roger Royse. I am the founder of the Royse Law Firm. It is a business, tax and corporate law firm...

The Franchise Tax Board of California has announced the Voluntary Compliance Initiative 2 (VCI 2) as an opportunity for taxpayers with underreported California tax liabilities relating to either (i) abusive tax avoidance transactions (ATATs) or (ii) offshore financial arrangements (OFAs), to amend their tax returns...

Date: June 13, 2012Re: San Francisco’s Business Tax ProposalsDear Dr. Egan:This letter discusses San Francisco’s two business tax reform proposals in light of the city’s current Payroll Expense Tax.  We believe that the gross receipts proposal would benefit the San Francisco business community more than...

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