The New Jersey Division of Taxation has issued a bulletin providing general guidelines for determining whether the activities of a corporation create nexus with New Jersey for the purposes of imposing the corporation business tax.
My colleague Jill Lebowitz and I will be speaking at the New Jersey Institute for Continuing Legal Education’s seminar, “Hot Tips in Taxation 2014,” on Wednesday, January 29, at the New Jersey Law Center. The NJICLE is presenting the seminar in cooperation with the New Jersey State Bar Association’s Taxation Section.» Read More
Signed into law on January 31 of this year, the New Jersey Angel Investor Tax Credit Act, also known as the Angel Act, provides tax credit against the New Jersey Corporation Business Tax (“CBT”) and the New Jersey Gross Income Tax (“GIT”) for taxpayers making qualified investments in New Jersey businesses incurring qualified research expenses that are involved in emerging technology.» Read More
Anti-trust regulators in the European Union fined Microsoft $732 million for failing to comply with the terms of the 2009 settlement agreement between the EU and the technology giant. Per the terms of the agreement, Microsoft agreed to alter its Windows products such that new European customers would be offered a screen that would allow them to download one of 11 internet browsers, including Microsoft’s Internet Explorer, and to easily turn off Internet Explorer as the default option.
The effects of the federal government “sequester” will take many months to figure out completely, but it is becoming increasingly clear that the results will be far-reaching and not necessarily fully anticipated. For example, Chinese and European manufacturers of solar equipment intended for sale in the United States may be surprised to find out that federal government support for solar projects has taken an unexpected hit.» Read More