State Taxation of a Nonresident’s Gain from the Sale of Stock –The Shot Heard Round the Country?
By EsqSocial Corporation 29/04/25
Last month, Bloomberg carried an article about a “small but growing trend” of states that are either cutting their individual income taxes or phasing them out entirely. According to the article, the states adopting these measures have determined that, by reducing income taxes, they will enhance their ability to attract and retain people and businesses. Other states, however, seem to be oblivious or indifferent to the competitive disadvantage at which their own income tax regimes have placed...
By: Rivkin Radler LLP