Upcoming National Meeting

2022 Canadian Tax Workshop For U.S. Companies

Two and a half day Workshop covering 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 22-19; September 23, 2022

Company Travel Budgets – It’s that time of year again, when we ask about member companies’ travel policies for conferences, continuing education, and other meetings. We are hopeful that travel and budget policies of member companies have significantly improved in the past year (or even months). Which of the following statements best describes your company’s current approach to employee travel?

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Bloomberg TAX

French Budget Draft Would Slash Production Tax on Companies

September 26, 2022

France’s draft 2023 budget sets out the government’s plan to eliminate a major production tax on companies over the next two years, continuing the Macron administration’s effort to improve the country’s attractiveness for foreign investors.

EY Australia to Review Firm Culture After Employee Death

September 26, 2022

Ernst & Young LLP’s Australian arm said Monday that it would conduct a top-to-bottom workplace review, after the death of an employee led to complaints about bullying and renewed questions about toxic cultures at large accounting firms.

Brown Schultz Sheridan & Fritz Recruits Four Members to Its Team

September 26, 2022

Brown Schultz Sheridan & Fritz has added three new team members to the Pennsylvania team and hired one to the Frederick, Md. office, the accounting firm announced Monday.

UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE (3)

September 26, 2022

The selloff in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds and sparking talk of emergency action by the Bank of England.

Poland’s New Windfall Tax Could Affect All Large Companies: RP

September 26, 2022

Poland plans to tax all companies employing more that 250 people, not only utilities, with the new windfall levy, Rp.pl reports, citing documents it has seen.

France’s Macron Seeks Credibility With Budget Balancing Act (1)

September 26, 2022

The French government presented a budget on Monday that aims to renew Emmanuel Macron’s fiscal credibility despite extra spending to cushion energy price shocks and the challenge of emboldened opposition in parliament. 

Global Bonds Tumble as UK Tax Cuts Deliver Fresh Headwinds

September 26, 2022

Treasuries sold off Monday to deepen the worst bond slide in decades, reflecting worry that global central banks will have to accelerate policy tightening after UK tax cuts fueled concern of government spending. 

HILL TAX BRIEFING: McCarthy Calls Out IRS Funding Boost

September 26, 2022

House Republican Leader Kevin McCarthy (R-Calif.) attacked the IRS's $80 billion in new funding on Friday during the rollout of a wide-ranging policy agenda outlining the priorities his party intends to pursue if they win the House majority in the midterm elections.

France Says EU Should Respond in Kind to Biden’s EV Subsidies

September 26, 2022

French Finance Minister Bruno Le Maire said Monday the European Union should consider applying electric-vehicle subsidies to cars built in the bloc, after the US limited its support to North American-made vehicles.

Transfer Pricing Chat: Elizabeth Stevens of Caplin & Drysdale

September 26, 2022

Early pandemic lockdowns quickly had authorities and companies grappling with the tax consequences of employees temporarily logging on from across borders. Now, more than two years later, remote work is likely here to stay. Bloomberg Tax spoke with Elizabeth Stevens, a member at Caplin & Drysdale, about how transfer pricing may have to be reimagined in a future of remote work.

Featured Resources

COST - Council on State Taxation

Amicus Briefs

Walmart Stores v. Johnson County Board of Commissioners

COST amicus brief seeks consistent application of Kansas’ property tax valuation law following Kansas Court of Appeals’ decision In re Equalization of Prieb Properties, 47 Kan. App. 2d 122 (2012). If there is a change to the State’s valuation process, it should be from the legislature and not the Kansas Supreme Court.

COST - Council on State Taxation

COST Studies, Articles & Reports

Locally Administered Sales and Accommodations Taxes: Do They Comport With Wayfair?

The Study effectively demonstrates that the burdens of complying with numerous disparate local tax regimes are extremely onerous, particularly in states that lack centralized collection and remittance of local taxes. The Study opens with a Foreword authored by well-known state and local tax experts Jeffrey A. Friedman and Nikki E. Dobay of Eversheds Sutherland LLP that evaluates and analyzes the l

COST - Council on State Taxation

COST Comments & Testimony

Testimony in Support of S.B. 1315: No CNIT Nexus From Partial Remote Work

COST testimony in support of S.B. 1315, which would allow Pennsylvanians to work remotely in the State for their out-of-state employers for part of the year without imposing Pennsylvania Corporate Net Income Tax (CNIT) obligations on their employers. This legislation is beneficial to the State both by affording Pennsylvanians flexible work arrangements, and by keeping talented Pennsylvanians from