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Later, a live discussion on chinas incoming government and that nations growing international role. Well, the issue of an Internet Sales tax has reared up again and, in fact, the u. S. Congress and many states are looking at this issue, and thats our topic this week on the communicators. Now, we want to start off by talking with the chairman of the california state board of equalization, Jerome Horton. Mr. Horton, california has recently changed how it manages or its taxation policies when it comes to the internet, hasnt it . Guest yes, peter, it has. It broadened the definition of whats taxab...

It broadened the definition of what is taxable in california to include online retailers who meet certain criteria. Now, said you broadened. How was it before and now who is included . Prior to the law, the sales tax didnt apply to companies that had affiliates and worked through various different groups here in the state of california. The law broadened the definition of who actually qualities to include those individuals. So now online retailers who have affiliates in the state of california, who also have some form of brick and mortar either directly or indirectly working through other grou...

An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes. Dr. Giovanni Caforio, the chief of Bristol Myers Squibb, last year during a House committee hearing on drug prices.Credit...Pool photo by Greg Nash April 1, 2021, 5:00 a.m. ET Almost nine years ago, Bristol Myers Squibb filed paperwork in Ireland to create a new offshore subsidiary. By moving Bristol Myers’s profits through the subsidiary, the American drugmaker could substantially reduce its U.S. tax bill. Years later,...

Deloitte and Tax Analysts Take Great Strides to Increase Tax Policy Transparency Professional services leader joins forces with nonprofit to make federal tax law library easily accessible to the public News provided by Share this article Share this article NEW YORK, Jan. 6, 2021 /PRNewswire/ -- Today Deloitte Tax LLP ("Deloitte") announced an agreement with Tax Analysts, the publisher of the Tax Notes product portfolio, to make the nonprofit's federal tax law library available to the general public. Placing Tax Notes' entire federal tax law library in front of a paywall is a win for tax pol...