Upcoming National Meeting

2022 Sales Tax Conference & Audit Session

Two and a half day conference featuring presentations on the most recent transactional tax developments, initiatives and case law topics. The conference is targeted to sales and use tax professionals at all levels of experience. Includes breakouts that are specific in-depth discussions for maximum coverage of timely sales and use tax issues and transactional tax audit sessions – providing an exc

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Newsletters & Media

Cost Conscious

ISSUE 22-02; January 28, 2022

Sales Tax Sourcing of Digital Goods and Services – The Streamlined Sales Tax Governing Board is currently looking at sourcing issues with the states’ taxation of digital goods and services. The challenge with sourcing these transactions is that, unlike sales of tangible personal property, sales of digital goods and services do not require a physical delivery address. Which of the following best de


Bloomberg TAX

U.S. Income Tax Policy Is Mostly About the 1%: Justin Fox

January 29, 2022

There have been some major changes to the U.S. individual income tax code over the past two decades — notably the tax cuts of the early 2000s, their partial rollback in 2012 and the 2017 tax reform/cuts. The net result of them all is maybe not what you’d expect: federal income tax rates fell for every income group since 2001, with the very highest earners seeing the smallest decline (in percentage terms at least) and those with incomes in the 50th to 60th percentiles down the most.

Treasury’s Tribal Pandemic Fund Re-Allocation Upheld by Court

January 28, 2022

A federal court has upheld the Treasury Department's methodology for reallocating funds designated for tribal governments under pandemic relief legislation.

IRS Managers Respond to Congressional Letter on Taxpayer Relief

January 28, 2022

A group that represents the interests of Internal Revenue Service managers on Friday criticized a congressional letter that urges measures on the agency to provide taxpayers with relief during the filing season.

Brazil Will Phase Out Forex Tax As Part of Effort to Join OECD

January 28, 2022

Brazil plans to gradually phase out its tax on foreign-exchange transactions as part of its attempt to join the OECD, its Economy Ministry said Friday.

Ohio Promised $2.1 Billion in Incentives to Lure Chipmaker Intel

January 28, 2022

The state of Ohio and its private economic development group offered Intel Corp. $2.1 billion in incentives to lure the chipmaker to the state, winning a national competition for the employer. 

Pelosi Casts Doubt on Timetable for Passing Biden Economic Plan

January 28, 2022

House Speaker Nancy Pelosi cast doubt on a drive by progressive Democrats to get some version of President Joe Biden’s agenda through Congress by March 1.

Dell CFO Fears Extra Tax If U.S. Acts On Minimum Tax Before OECD

January 28, 2022

If the U.S. toughens its minimum tax before other countries adopt a global minimum tax, that could set up a double-taxation regime, Dell Technologies Inc. CFO Thomas Sweet said.

IRS Outlines Changes for Pre-Approved 403(b) Retirement Plans

January 28, 2022

The issued a list of changes for retirement plans of tax-exempt organizations Friday.

Amy Schneider Faces $630,000 Tax Bill for Record ’Jeopardy’ Win

January 28, 2022

Amy Schneider ended a record-breaking 40-day winning streak on “Jeopardy,” taking home a whopping  $1,382,800. Now she faces another challenge: figuring out her taxes.

Treasury Reconsiders IRS’s Use of ID.Me Face Recognition for Web

January 28, 2022

The Treasury Department is reconsidering the Internal Revenue Service’s reliance on facial recognition software ID.me for access to its website, an official said Friday amid scrutiny of the company’s collection of images of tens of millions of Americans’ faces.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Ferrellgas Partners, L.P., v. Director, Division of Taxation

COST’s amicus brief asks the U.S. Supreme Court to review a New Jersey appellate court decision that the State was not required to apportion a partnership filing fee. The brief points out the states’ inconsistent determinations over whether a “fee” is subject to Commerce Clause scrutiny stems from two prior U.S. Supreme Court cases and clarification is needed from the Court when fees not related t

COST - Council on State Taxation

COST Studies, Articles & Reports

A Global Perspective on U.S. State Sales Tax Systems as a Revenue Source: Inefficient, Ineffective, and Obsolete

The study provides an international perspective on U.S. state and local sales tax systems through a comparison to the primary general consumption taxes in the European Union (the Value-Added Tax (VAT)) and Canada (the Goods and Services Tax/Harmonized Sales Tax (GST/HST) and a few provincial sales taxes).

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Support of S.B. 435 - Removing NOLD Double Apportionment

COST supports New Hampshire Senate Bill 435, which proposes to eliminate the “double apportionment” of net operating loss deductions (NOLDs) for purposes of the Business Profits Tax.