Upcoming National Meeting

2024 Canadian Tax Workshop For U.S. Companies

The COST Canadian Tax Workshop for US Companies covers the key tax issues U.S. companies who are doing business with Canadians or in Canada need to know. The primary focus of the Workshop will be on GST, HST and Income Tax but will also cover QST, Payroll and Property Taxes. Attendees will also participate in an interactive audit session covering Canadian tax issues that they’ve been dealing with.

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Newsletters & Media

Cost Conscious

ISSUE 24-22; November 1, 2024

Controlling Property Tax Increases (Part II) – Controlling property taxes, especially given recent residential property value increases, is a focus of many state legislatures. There are several ways for states to control property tax increases by using methods such as exemptions (e.g., homestead exemptions), caps on valuation increases (e.g., California Proposition 13), automatic adjustments that

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Bloomberg TAX

PwC Challenges Republican Senator’s Inquiry Into China Business

November 06, 2024

PwC's global arm is pushing back against criticisms from a US senator who questioned the Big Four firm’s business strategy in China and its ties to the Communist Party there.

Housing Coops Sue Treasury to Halt Corporate Transparency Act

November 06, 2024

A coalition of housing cooperatives hit the US Treasury Department Wednesday with a lawsuit over the Corporate Transparency Act, alleging its beneficial ownership reporting requirements are unconstitutional.

Goldman, Citi Soar With Trump Poised to Deliver Deregulation (3)

November 06, 2024

Shares of the biggest US banks including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. surged on Wednesday, as investors wagered that Donald Trumpwould make good on his promises to lower taxes and slash regulation of the industry. 

Munis Tumble After Trump Victory Ignites Deficit Concerns (2)

November 06, 2024

Municipal bonds plummeted on Wednesday after voters elected Donald Trump as US president. The move followed a rout in US Treasuries, which sold off over concerns that Trump’s policies will widen an already bloated budget deficit and cause inflation to surge. 

Driver Reported Income to IRS, Tax Court Says, Albeit Improperly

November 06, 2024

A taxpayer can claim $13,000 in deductions after reporting income from a transportation business and driving for Lyft, the US Tax Court said.

Lost Tech Investments Don’t Support Theft Loss Tax Deduction

November 06, 2024

The former director of a failed technology partnership isn't entitled to deduct his lost investments and legal defense fees because he failed to show himself to be a fraud victim, the US Tax Court said Wednesday.

Puerto Rico Gubernatorial Race Casts Doubt Over Global Tax Plans

November 06, 2024

Jenniffer González Colón's lead in the Puerto Rico governor's race sows uncertainty on whether the island will adopt the global minimum tax.

Deloitte Unable to Defeat ERISA Lawsuit From Spinal Specialist

November 06, 2024

Deloitte LLP remains on the hook to face a spinal surgery clinic's allegation that the insurer failed to reimburse the specialist for its medical services, according to a district court.

NYC Developers Push Changes to Proposed Housing Tax Break Rules

November 06, 2024

Real estate developers are pushing for changes to New York City's proposed rules for two new housing tax breaks meant to encourage multifamily housing and spur office conversions to fight the city's housing crunch.

Republicans Near Trifecta With Democrats’ House Hopes Fading (1)

November 06, 2024

Democrats’ hopes for a powerful check on Donald Trump by controlling the US House are fading, with Republicans increasingly confident they will hold unified control in Washington ahead of next year’s big fights over tax cuts and spending.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

COST - Council on State Taxation

COST Studies, Articles & Reports

2024 State and Local Amnesty Programs

Tracker of most state and local tax amnesty programs enacted and conducted in 2024.

COST - Council on State Taxation

COST Comments & Testimony

Letter to the Legislature in Opposition to Sales Tax Base Expansion to Business Inputs in Tax Reform Proposals

COST sent letters to Louisiana House Speaker, Senate President, House Ways and Means and Senate Revenue and Fiscal Affairs committees to suggest that any sales tax base expansion in the upcoming extraordinary session be limited to business-to-consumer transactions and provide for a broad exemption for business-to-business transactions or business inputs. The letter also urges Louisiana to consider