An online exchange has been launched to facilitate the trading of state tax credits, a development that the exchange’s co-founder says will increase the transparency and efficiency of the market in such credits. The Online Incentives Exchange (OIX) is starting with tax credits issued by Louisiana and plans to add credits from two more states, California and Georgia, next month. Eventually it hopes to host trading in the tax credits of all 45 states that allow such transactions.
The Justice Department is expanding an Obama-era enforcement policy.
Future of the distribution rules is linked to the outcome of tax reform.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Sponsored by OANDA
Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.