Walters: California corporate tax battle affects billions Newsom needs to balance budget
California's corporate tax landscape remains contentious, influencing budget strategies and multinational corporation liabilities, as seen in the case involving Microsoft. [ more ]
The Nation's Highest Business Tax Could Be Reinstated in New Jersey
Reversal of tax policy by Gov. Murphy from corporate business tax expiration to new surcharge for most profitable companies
New corporate surtax rate of 11.5% will only apply to companies with profits over $10 million, generating $800 million annually for New Jersey Transit. [ more ]