Corporate Business Taxation Monthly articles from January 2003

Corporate Business Taxation Monthly archives from January 2003

Designing "change in control" agreements.
January 1, 2003... The need to protect a company against a possible hostile takeover has been a fact of corporate life since the latter part of the 1970s. One consequence of the proliferation of such hostile takeovers has been the development of a special...

Understanding the Streamlined Sales and Use Tax Agreement.
January 1, 2003... Representatives from 34 states and the District of Columbia approved their final sales tax and use tax uniformity package on November 12, 2002: the Streamlined Sales and Use Tax Agreement. This streamlined tax system will come into force when...

Taxation of compensation and benefits. (entertainment expenses)
January 1, 2003... The Sixth Circuit has affirmed a Tax Court decision addressing whether certain expenses relating to events not attended by employees were considered "entertainment" expenses for purposes of the deduction limitations under section 274. The Sixth...

Proposed Regulations Address Basis-Shifting Transactions.(corporate reorganizations)
January 1, 2003... Proposed Regulations Address Basis-Shifting Transactions The Treasury Department and IRS (the government) issued proposed regulations trader section 302. These proposed regulations provide guidance on the tax treatment of the unused basis...

Multistate taxation.(state income tax developments in Indiana, Massachusetts, Pennsylvania, and Tennessee.)
January 1, 2003... This month's column addresses significant state income and franchise tax developments in Indiana, Massachusetts, Pennsylvania, and Tennessee. * The Indiana Department of Revenue and Massachusetts Supreme Judicial Court recently issued...