Upcoming National Meeting

2023 Canadian Tax Workshop For U.S. Companies

Workshop covering the latest Canadian tax issues impacting US taxpayers doing business in Canada, with others operating in Canada, who have employees in Canada or are otherwise involved with Canadian operations. Attendees will benefit from in-depth sessions on the Canadian GST/HST Tax Registration Requirements, the US/Canada Income Tax Convention, CRA Collections, PST, Quebec’s Sales Tax System,

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Newsletters & Media

Cost Conscious

ISSUE 23-19; September 22, 2023

Attendance at Recent COST Events – COST has seen a decline in attendance at our recent national and regional meetings. We would like to know the reasons for the decline, and for those areas within our control, find solutions. Our goal is to maximize in-person attendance at our events. With that in mind, if you have not attended recent COST conferences/workshops/meetings that you would normally att


Bloomberg TAX

Promoter Convicted in $1.3 Billion Tax Case After Juror Flap (1)

September 22, 2023

A real estate developer was convicted for promoting $1.3 billion in fraudulent tax deductions after a judge removed a deliberating juror who told the judge she was “standing up for White people.” 

Group Urges IRS to Extend Use of Old Foreign Tax Credit Rules

September 22, 2023

The IRS should extend its temporary move to allow companies to rely on older, more corporate-friendly foreign tax credit rules for at least an additional year, a business group said Friday.

Proposed Washington Capital Gains Tax Rules Cover October Filers

September 22, 2023

Washington state taxpayers who received extensions to Oct. 16 to file their first returns under the state's new excise tax on capital gains can rely on proposed regulations that won't be final in time to meet the deadline, according to the Department of Revenue.

Oncology Company Loses Bid for Michigan Tax Break on Lab Tools

September 22, 2023

A company that finds patients for drug trials isn't eligible for a tax exemption for materials used in industrial processing because it doesn't run the trials, the Michigan Court of Appeals ruled.

Proposed Fees for Medical Billing Disputes Too High, Doctors Say

September 22, 2023

A Biden administration proposal that would triple the fee for filing arbitration cases under the No Surprises Act would prevent many physicians from taking part in the process, medical providers say.

Agencies Out to ’Tilt Scales’ on Surprise Billing, Hospitals Say

September 22, 2023

Federal agencies "have repeatedly sought to tilt the scales" in favor of health insurers in implementing the No Surprises Act, hospital and physician groups said in an amicus brief filed in a case before the Fifth Circuit.

Biden’s IRS Chief Counsel Pick Faces Senate Finance Next Week

September 22, 2023

President Joe Biden's pick to be the Internal Revenue Service's top legal adviser will appear before the Senate Finance Committee next Thursday, moving her closer to filling a key role in helping implement pieces of last year's tax-and-climate law, a Friday committee notice read.

KPMG Teams with Microsoft on ESG Training Targeting Executives

September 22, 2023

KPMG’s global arm has partnered with Microsoft Corp. on virtual training to help executives and even rank-and-file corporate staff get up to speed on climate risks, emission reduction strategies and looming reporting requirements.

Bill Aimed at Exposing Tax-Dodging LLCs Awaits N.Y. Governor (1)

September 22, 2023

The week in state tax news: Backers of a New York bill passed in June, meant to shine a light on the owners of limited liability companies, are counting on the governor to sign it before the end of the year. According to one group, LLCs—which can be used to hide owners' identities or avoid paying taxes—own 37% of all properties in Manhattan. Meanwhile, a court hearing on Maryland's digital ad tax gets spicy, North Carolina finally gets a budget, and Ohio gets dinged for a sales tax holiday.

Commodity Prices Fed Australia 2022-23 Tax Receipts Growth

September 22, 2023

Australia reported tax receipts of A$601.3 billion ($387.89 billion) for 2022-23, a figure that is A$13.2 billion higher than expected and boosted largely by company receipts.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Walmart Starco LLC v. Director of Revenue

The Missouri Supreme Court is hearing a case addressing whether a procurement entity’s IT equipment is exempt from sales/use tax under the State’s resale or manufacturing exemptions.

COST - Council on State Taxation

COST Studies, Articles & Reports

COST - Council on State Taxation

COST Comments & Testimony

California Office of Tax Appeals’ Legal Authority and Jurisdiction to Overturn Tax Regulations

COST submitted comments to the California Department of Justice on the California Office of Tax Appeals’ (OTA) legal authority and jurisdiction to invalidate and refuse to enforce provisions in the California Code of Regulations, promulgated by a different state agency and approved by the Office of Administrative Law.