SALT and Multinational Businesses: Analyzing State and Local Taxation of Foreign Company Transactions
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This course will discuss how state and local tax laws apply to foreign investment and ownership by United States businesses and individuals, with attention to the Tax Cuts and Jobs Act’s repatriation tax, tax haven legislation, add-back statutes, apportionment, and constitutional limitations.
It also will address common issues and traps for foreign businesses creating a footprint in the United States, including sales tax collection obligations, unanticipated state and local taxes, and combined reporting.
Outline
- Analysis and impact of tax residency status and establishing procedures for forum compliance
- State subjection of foreign corporations and subsidiaries to taxation, including unitary taxation
- Business apportionment and waters-edge election
- State tax haven legislation updates
- Preliminary observations on state and local tax implications of federal tax reform
Benefits
The panel will review these and other key issues:
- Addressing how state and local tax laws apply to foreign investment by US companies and individuals
- Discussing state and local tax traps for foreign companies looking to sell into the United States or create a footprint in the United States
- Identifying state tax reporting requirements for subsidiaries and affiliated groups
Faculty
David A. Hughes
Partner
Kilpatrick Townsend & Stockton
Mr. Hughes focuses his practice on state and local tax controversies and state tax planning. He helps clients... | Read More
Mr. Hughes focuses his practice on state and local tax controversies and state tax planning. He helps clients limit their state and local tax exposure through sensible planning and, when necessary, vigorous litigation strategies. Mr. Hughes advises Fortune 500 companies, privately-held companies, middle-market businesses, and individuals on strategies to minimize their state and local tax exposure, maintain compliance, and reduce the risk of audit problems. This includes income tax, sales/use tax, franchise tax, gross receipts tax, unclaimed property, state unemployment insurance, credits and incentives, and excise tax matters involving nexus, apportionment, business income, unitary business groups, credits, losses, and exemptions.
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Jeffrey S. Reed
Partner
Kilpatrick Townsend & Stockton
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals... | Read More
Mr. Reed chairs the firm's State and Local Tax Practice. He helps tax directors, business owners, and individuals manage state and local tax risks and exposure, including assessing the strength of corporate tax positions, evaluating whether charges are subject to sales tax, and representing taxpayers in disputes with revenue agencies throughout the U.S. He brings a practical, pragmatic approach to state and local taxation, one that takes into account reserve considerations, legal and administrative guidance, and anticipated revenue agency responses. He is particularly experienced with New York and Massachusetts tax controversies, corporate tax planning, assessing the anticipated state tax consequences of mergers and acquisitions, and analyzing the taxability of electronic commerce and emerging business models. He has resolved disputes with most tax agencies in the United States, and also has broad experience with IRS audits and appeals, and unclaimed property.
CloseEarly Discount (through 05/23/25)
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CPE processing must be ordered prior to the event.
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Cannot Attend June 16?
Early Discount (through 05/23/25)
CPE credit is not available on downloads.
CPE On-Demand