Tax Notes State
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 article. (Subscription required)
See the state’s retraction of TB-85.