Latest COST Conscious ISSUE 24-15; July 26, 2024 Navigating Audit Adjustments Under Pennsylvania’s Addback Statute – Since January 2015, the Pennsylvania Department of Revenue has had the authority to disallow deductions against the corporate net income tax for royalties, licensing, or other fees paid to an affiliated entity including interest expense if it was related to an intangible expense or cost. In general, related-party intangible expens
Latest Legislative Alert ISSUE 24-28; July 16, 2024 COST Joins Coalition Letter Expressing Opposition to Revised DC Data Excise Tax Proposal; Advocacy Efforts Against Oregon Initiative to Increase Corporate Minimum Tax
Latest Practitioner Connection ISSUE 24-15; July 19, 2024 Chevron Overruled: 5 Federal Tax Regulation Considerations – In June, the Supreme Court in Loper Bright Enterprises v. Raimondo overturned Chevron U.S.A. Inc. v. Natural Resources Defense Council, Inc., eliminating federal judicial deference to agency regulations. Many are commenting about what overturning this long-standing precedent means, and lawyers appear to be gearing up to challenge federal