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Bloomberg BNA Webinar Underscores Movement of States to Tax New Technologies, At-Home Work Arrangements, and Social Coupon Transactions
May 15, 2012 (05:05 PM EDT)
ARLINGTON, Va., May 15, 2012 /PRNewswire-USNewswire/ -- An annual Bloomberg BNA survey of state tax departments released this month asks senior state tax officials in all 50 states how their jurisdictions are taxing the new technologies and types of transactions that continue to emerge as the U.S. economy shifts from the bricks and mortar of Main Street to the web-based world, which operates mostly independent of state or local borders. The recent Survey findings will be presented in a new Bloomberg BNA webinar, Cloudy with a Chance of Nexus: Analyzing Bloomberg BNA's 2012 Survey of State Tax Departments on May 17, 2012.
States once believed that a corporation needed a physical presence within their borders before it could be subject to an income-based tax. But new technologies, such as cloud computing, and new transactions such as Groupon and LivingSocial, are challenging the parameters of most states' tax codes, which either have not addressed how these technologies and transactions will be taxed, or do so under outdated provisions.
What constitutes a taxable "economic presence?"
The Bloomberg BNA 2012 State Tax Department Survey identifies a number of different scenarios that can trigger income tax nexus in different states:
Cloudy with a Chance of Nexus: Analyzing Bloomberg BNA's 2012 Survey of State Tax Departments takes place May 17, 2012 from 12:30 p.m.– 2:00 p.m., (ET). To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bna.com/cloudy-chance-nexus-w12884909075/?utm_source=newswire&utm_medium=PR&utm_content=TM&utm_campaign=Webinar-05172012 or (in the U.S.) call 800.372.1033, menu Option 6, then Option 1. The per site fee is just $249 which includes a copy of the 2012 Survey.
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About Bloomberg BNA Webinars
Bloomberg BNA is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all Bloomberg BNA resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area — and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits — all from the convenience of their own office or conference room.
About Bloomberg BNA
Bloomberg BNA, a wholly-owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance - the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety.
SOURCE Bloomberg BNA