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State and Local Thinking -- August 2017

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Thought leadership from our State and Local Tax professionals July 28: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in the Bloomberg BNA Daily Tax Report article “Mnuchin’s digital message sparks state watcher reaction” written by Ryan Prete. Jamie discussed the ramifications of Treasury Secretary Steven Mnuchin’s recent remarks on taxing remote retailers.

Aug. 3: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in the Bloomberg BNA Daily Tax Report article “Repatriation could be investment windfall for states: Speaker” by Michael Bologna. Jamie discussed how federal tax reform, if it happens, could have “wide-ranging implications” for states.

Aug. 4: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in the Law 360 article “Pa. stand on taxing online research seen as too aggressive” written by Vidya Kauri. Jamie commented on how state sales tax laws often do not account for online sales.

Aug. 4: Vito Cosmo, Managing Director, SALT – Philadelphia office, was quoted in the Bloomberg BNA Daily Tax Report article “New car share fees may plug budget holes in Pennsylvania” by Leslie Pappas. Vito was quoted on a Pennsylvania tax proposal on car sharing uses such as ZipCar or Enterprise CarShare.

Aug. 17: Jamie Yesnowitz, Principal, SALT -- National Tax Office Leader, was quoted in the Bloomberg BNA Daily Tax Report article “Amazon fights $12.5M tax bill on third-party marketplace sales” by Andrew Ballard. Jamie provided some insight on South Carolina’s effort to collect taxes from Amazon Services LLC’s third-party sales.

Tax professionals
Meet Vito Cosmo, a State and Local Tax managing director in the Philadelphia office Vito Cosmo is a managing director, SALT, at Grant Thornton’s Philadelphia office. He has more than 25 years of experience in accounting and multistate tax consulting, specializing in planning, research, compliance and protest proceedings for large- and medium-sized companies.

He serves clients from many industries, but his focus is mainly on manufacturing, retail, services and utility clients. He was the director of State and Local Taxes for a major public utility and its subsidiaries for seven years. In these capacities, Vito has extensive experience in planning and protest involving Pennsylvania’s Capital Stock/Franchise Tax, that state’s Corporate Net Income Tax, its Business Privilege and Net Profits taxes, as well as business and corporate taxes in Delaware and New Jersey.

Vito earned a bachelor of science degree in accounting, magna cum laude, from Albright College and his master’s degree in taxation, summa cum laude, from Widener University. Vito is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.  Vito has written for the Pennsylvania CPA Journal and has been quoted in Bloomberg DNA’s Daily Tax Report.

Contact
Mark Arrigo
National Managing Partner – State and Local Tax
T +1 678 515 2320

Jamie Yesnowitz
SALT National Tax Office Principal
T +1 202 521 1504

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