Ted Bots, Drew Hemmings, Author at SALT Savvy

The City of Chicago Issues Nexus Guidance and Safe Harbor In Light of Wayfair and Illinois State Level “Economic Nexus” Standards

May 10, 2021 By Ted Bots and Drew Hemmings 3 Mins Read

The City of Chicago recently issued nexus guidance and a limited safe harbor for City tax purposes in light of the U.S. Supreme Court’s pivotal South Dakota v. Wayfair ruling and the State of Illinois’ statutory economic nexus standards. True to form, the City implemented its new nexus standards by executive action via publication of a “nexus and safe harbor” “information bulletin” on its website (available on the City’s website, here), as opposed to the Chicago City Council more formally (and more appropriately) adopting a new ordinance.

The Multistate Tax Commission Is Primed to Revamp Its Multistate Transfer Pricing Collaboration and Enforcement Initiatives

May 7, 2021 By Ted Bots and Drew Hemmings 4 Mins Read

The Multistate Tax Commission (“MTC”) is set to revamp its transfer pricing collaboration and enforcement initiatives following the first public meeting of its State Intercompany Transactions Advisory Service (“SITAS”) Committee in over four years. At the end of last year, the SITAS Committee appointed its new Chair- Krystal Bolton, who is also an assistant director at the Louisiana Department of Revenue’s field audit income tax division. On March 23rd, Ms. Bolton hosted representatives from state revenue agencies, practitioners, taxpayers, and other members of the public in a virtual conference to overview the history of the SITAS Committee and to present the results of a multistate survey regarding intercompany transactions and transfer pricing.

SALT Savvy: Coast-to-Coast SALT Updates – October

November 23, 2020 By Nicole Ford, Drew Hemmings and Jimmy Lucas 1 Min Read

The Baker McKenzie SALT team presented the fourth session of its monthly webinar series covering coast-to-coast state and local tax developments on October 7, 2020. If you were unable to attend the session, links to the recording and materials are provided below: View the recorded webinar Download the materials

SALT Savvy: Coast-to-Coast SALT Updates – August

September 17, 2020 By Maria Eberle, Lindsay LaCava, Drew Hemmings and Jimmy Lucas 1 Min Read

The Baker McKenzie SALT team presented the second session of its monthly webinar series covering coast-to-coast state and local tax developments on August 5, 2020. This month’s SALT Savvy webinar features Baker McKenzie Economist Holly Glenn, who shares her thoughts on the recent transfer pricing developments in Indiana and other states. If you were unable to attend the session, links to the recording and materials are provided below: View the recorded webinar Download the materials