State and Local Taxation

Principles and Practices, 3rd Edition

Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson

• Publisher: J. Ross Publishing
• Year: 2020
• ISBN:
  9781604278231
• Edition: 1
• Topic: Business
• Subtopic: Tassazione
• Index: Business

In recent years, stunning advances in telecommunications, capital mobility, and distribution channels have not only greatly increased the number of transactions and ventures subject to multiple taxation, but also have made it easier—for those who know what to look for—to plan around such taxes. Tax and legal professionals, entrepreneurs, and business managers must have a fundamental understanding of the state and local tax implications of key transactions. Those who are able to identify state and local tax issues also can make more effective use of tax consultants because challenges and opportunities can be spotted as they arise before basic negotiations are concluded and the outline of the deal solidified. Written by a team of CPAs, professors, and tax lawyers with over 120 years of combined experience, State and Local Taxation: Principles and Planning, Third Edition, covers the important tax issues of today's global business environment. The authors draw upon numerous real-life examples to identify and explain the fundamental principles of state and local taxation and how to incorporate these principles into strategic business planning. Key Features • Shows how to identify state and local tax issues and spot challenges and opportunities as they arise • Details the principles of multi-state taxation and provides an understanding of their effect on business operations • Explores the role of state and local tax issues in a strategic business environment and dis-cusses taxation from a strategic planning perspective • Explains the economic implications of management decisions involving the application of tax laws • Presents an overview of major state and local taxes including income tax, sales tax, property tax, and employment taxes • WAV offers instructional material for classroom use—available from the Web Added Value™ Download Resource Center at www.jrosspub.com