Want to get this daily news briefing by email? Here’s the sign-up.


WHAT WE’RE WATCHING

TURBO TAX - Happy New Year! Let’s pretend 2020 was a nightmare brought on by some bad gas station sushi and look ahead to the rest of this year instead, shall we? For example, tax lawyers are gearing up for a busy 12 months, as corporate clients continue to work through the sweeping changes from the Trump administration’s 2017 tax reform legislation and the economic impact of the COVID-19 pandemic forces cash-strapped states to seek new revenue sources, including tax increases, while federal and state tax authorities step up enforcement, Law.com’s Meredith Hobbs reports. “We are telling our clients to expect new taxes, increases to existing taxes and heightened enforcement,” said Jeff Friedman, head of Eversheds Sutherland’s tax practice. He forecasts “one of the busiest legislative sessions ever for states on tax increases. We expect every state and locality to reconsider their taxing structure and consider additional sources of revenue.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]