Despite the significant role and growth of the technology sector in today's economy, adhering to state tax laws is a complex and often frustrating endeavor. State and local tax laws frequently reflect a goods-oriented, brick-and-mortar economy, and can present a challenge to apply these outdated provisions to the products of technology companies. Ironically, technology itself often provides solutions to the compliance issues it creates.
In a co-authored article for State Tax Notes, titled “SALT considerations for the technology industry,” Dana Lance, National Managing Partner for SALT Solutions, Principal Jamie Yesnowitz, and Manager Stuart Jeffries, explore tax compliance strategies and opportunities for technology businesses. The article examines the complications of determining apportionment for businesses in multistate jurisdictions, discusses the use of internet cookies to determine taxable interactions, describes the popularity of indirect taxes on the industry, and reviews the funding opportunities of the CHIPS Act aimed at supporting domestic semiconductor development and production.
Read the State Tax Notes article here, and for more on this subject, read our tax guide for technology, “New taxes, new solutions for tech firms.”
Contacts:
Dana Lance
National Tax Leader, Solutions & Growth
Grant Thornton Advisors LLC
Dana Lance is the National Tax leader for the Greater Bay Area and the SALT Practice Leader for the West Region. Dana is based in San Jose, California.
San Jose, California
Industries
- Manufacturing, Transportation & Distribution
- Technology, media & telecommunications
- Transportation & distribution
Service Experience
- Tax
- State & Local Tax
Jamie C. Yesnowitz
Principal, SALT Solutions – National Tax Office
Grant Thornton Advisors LLC
Jamie Yesnowitz, principal serving as the State and Local Tax (SALT) leader within Grant Thornton's Washington National Tax Office, is a national technical resource for Grant Thornton's SALT practice. He has 22 years of broad-based SALT consulting experience at the national and practice office levels in large public accounting firms.
Washington DC, Washington DC
Service Experience
- Tax
Stuart Jeffries
Senior Manager, Tax
San Francisco, California
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