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tax

May 09, 2017

IRS Announces Tax Treaties Resulted in Low Withholding Rates to Foreign Individuals and Entities

In the 2017 Statistics of Income Bulletin, the IRS reported that foreign recipients of U.S. source income from treaty countries had an average withholding rate of 13.9% compared to 25.6% for payments made to residents of non-treaty countries.   Absent certain exceptions and/or exemptions, a foreign person, including a foreign entity, is generally subject to tax at a flat 30% rate on U.S.» Read More

Aug 30, 2016

Battle Heats Up Over Who Can Regulate Tax on International Companies

In a decision that again pits the United States against the European Union in that ongoing battle over which entity can primarily tax international business, Margrethe Vestager, the European Union commissioner for competition, ordered Ireland on Tuesday to claw back billions from Apple over illegal tax breaks. » Read More

Aug 04, 2015

NJ Division of Taxation Issues Bulletin Regarding Nexus for Corporation Business Tax

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.

Please contact me at mfbramwit@nmmlaw.com if you have any questions regarding these guidelines or any other tax matters.» Read More

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