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In their article for Tax Notes State, titled “New Jersey Resurrects Throwout: A GILTI Exorcism Is Near!,” Morrison & Foerster lawyers Mitchell Newmark and Eugene Gibilaro discuss the throwout issue regarding New Jersey’s allocation and taxation of global intangible low-taxed income.

New Jersey Resurrects Throwout: A GILTI Exorcism Is Near!

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In their article for Tax Notes State, titled “New Jersey Resurrects Throwout: A GILTI Exorcism Is Near!,” Morrison & Foerster lawyers Mitchell Newmark and Eugene Gibilaro discuss the throwout issue regarding New Jersey’s allocation and taxation of global intangible low-taxed income.On August 20, 2019, one day after the article was published, New Jersey withdrew its Technical Bulletin (TB-85).Read the <a href="http:https://media2.mofo.com/v3/assets/blt5775cc69c999c255/blt9d35b1080fd61d4e/6273ed1e0cffdf1eb136b496/190819-new-jersey-resurrects-throwout-article.pdf" target="_blank">article</a>. (Subscription required)See the state’s <a target="_blank" href="http:https://media2.mofo.com/v3/assets/blt5775cc69c999c255/blt0312c8e9690222aa/6273ed1edeee7329767e9062/190819-new-jersey-resurrects-throwout.pdf">retraction of TB-85</a>.

New Jersey Resurrects Throwout: A GILTI Exorcism Is Near!

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