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News and Events

Archive by Year:2016

Global Tax Cutting Competition is Heating Up

Posted in News on December 30, 2016

According to the Wall Street Journal, “for years, countries have been competing with each other over corporate tax.” Many different countries want to create the most favorable tax environments for businesses in order to encourage companies to locate within that particular country's borders. Now, with the election of Donald Trump, the United States could also join the competition... which could result in a race among countries to further slash tax rates. Read More

How Will the Presidential Election Impact Business Taxes in Maryland?

Posted in News on December 28, 2016

A presidential election is always going to have an impact on businesses because of tax policy changes and other regulatory shifts that come from a new president assuming office. However, the unexpected election of Donald J. Trump could usher in unprecedented changes to the business tax code. The Republicans and Donald Trump have put forth proposed tax plans which promise to promote growth and fundamentally alter the way in which businesses are taxed. Read More

The G20 Discuss Global Tax Evasion and Avoidance Problems

Posted in News on October 31, 2016

The 2016 G20 Hangzhou Summit was held in September 2016 in Hangzhou, Zhejiang. The Summit was a meeting of the Group of 20, which is an international forum of governments and central bank governors from 19 different countries and the European Union. Members of the G20 include governments and governors from 20 major economic powers worldwide, including the United States, China, France, Mexico, Australia, the UK and more.   These economic leaders meet semi-annually at summits to address pressing global issues.

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What Businesses Need to Know About Internet Sales Tax Proposals

Posted in News on October 17, 2016

For many businesses, collecting sales tax is a normal part of operations. However, sales tax collection has been complicated by the rapid and dramatic rise in Internet transactions.  As the Internet has grown and expanded and more and more commerce has moved online, states have created a hodgepodge of different regulations for how online sales of merchandise are to be taxed. The issue of taxing Internet transactions is complicated by these myriad different regulations in different jurisdictions, as well as by the fact most e-commerce companies do business nationwide and not just in states where they are based or where they have physical locations.

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Maryland Criminal Tax Lawyer Talks About IRS Audits and Why People Fear Them

Posted in News on September 28, 2016

There is a good reason why the words IRS audit strike dread in the hearts of every taxpayer. Audits can have a profound financial impact and it can take a very long time (and a lot of effort) to satisfy the IRS and get the investigation to stop.

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