The release of the so-called Pandora Papers revealed that the world’s wealthiest people will go to great lengths to protect their assets from the taxman. No surprise there. But what’s come as a bit of shock to many is the revelation that a sparsely populated American state with fewer than a million people has become the new Switzerland when it comes to parking assets away from prying eyes.
This week in state tax news: Municipalities in 13 states are suing streaming services over unpaid utility franchise fees, inequities in New York City’s property tax system are exposed, and a business decision by Amazon results in a tax windfall for some California localities but a loss for many more.
Our Spotlight series highlights the careers and lives of tax professionals across the globe. This week’s spotlight is on Enrolled Agent Manasa Nadig. Nadig has more than 20 years of experience in tax preparation and planning and is the Founder-Owner of MN Tax & Business Services, a virtual practice based in southeast Michigan that works with clients worldwide.