The New Jersey Division of Taxation has issued a bulletin providing general guidelines for determining whether the activities of a corporation create nexus with New Jersey for the purposes of imposing the corporation business tax. Click here to read the bulletin.
In this week’s REWIND of international business news,
Financial Times to be sold by Parent company: Pearson Plc.
Pearson Plc. is in advanced talks to sell the FT Group – owner of the Financial Times newspaper and a stake in the Economist magazine. The Financial Times may draw interest from media companies such as German media group Axel Springer SE as well as investors in Europe, the Middle East and Asia.» Read More
The below post was authored by guest blogger John Gabrielski.
A resolution looks to be on the horizon regarding the Greek financial situation. It is an extremely tense period for the bankrupt nation; however the Greek people have at least one positive they can take away from this international ordeal. Amid all of the pressure put on Alexis Tsipras by Europe, his talents in the art of leadership have been put on display – for good or bad. » Read More
On July 9th, India signed an agreement with the United States to implement the Foreign Account Tax Compliance Act (FATCA), making India the 66th jurisdiction to do so. The agreement will facilitate the collection and sharing of information between the two countries and shield Indian financial entities from facing penal taxes in the United States for failing to disclose the dealings of American citizens and entities.» Read More