New Jersey, facing a huge budget deficit this year and believing that the “Corporate Business Tax (CBT) is broken,”[1]� adopted, retroactive to Jan. 1, 2002, sweeping changes to the CBT that will affect all corporations in the state, but will have a particularly significant impact on large multinational corporations.
A strange but appropriate question to ask is: Did New Jersey just make neighboring New York a “tax haven” that may attract its large multistate and multinational corporations?
This content has been archived.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 Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]