![]() ![]() ![]() Taxpayers that are under audit or taxpayers who have been notified of an upcoming audit, taxpayers with pending cases or appeals, and taxpayers engaging in intercompany transactions with related parties are all eligible to participate in this program. Taxpayers who engaged in any intercompany transactions or transactions with potential IPI may participate in this program to adjust or amend filed tax returns and otherwise resolve disputes resulting from IPI. ![]() The program is designed to ensure a fair, consistent, and expedited resolution of any potential IPI, and to provide certainty and uniformity to taxpayers. This program is available to all NJ corporate taxpayers who have filed corporate income tax returns within the statute of limitations (the prior three-year period). The NJ Division of Taxation developed the Transfer Pricing Initiative to assist taxpayers with any potential IPI. As a result, there is a risk that you may have inaccurately reported net income attributable to the state of New Jersey in your tax filings. If you are a New Jersey corporate taxpayer that engages in intercompany transactions, transactions that lack economic substance, or transactions that are not at the fair market value, you may encounter some intercompany pricing issues (IPI). High Net Worth Individuals Offshore Voluntary Disclosures Private Client Tax Compliance Trust and Estate Services IRS Representation and Tax Controversies Mergers and Acquisitions Tax Not-for-Profit Tax Income Tax Accounting and Advisory Services Tax Compliance Tax Research and Planning IT Risk, Cybersecurity, and Privacy Services Risk Advisory Servicesįinancial and Tax Reporting Services Litigation Support Music Economics and Valuation Services Portfolio ValuationsĪgreed-Upon Procedures Employee Benefit Plan Audits Financial Statement Audits Public Company Audit Services Reviews & Compilations Royalty Inspection, Contract Compliance, and Consultingīusiness Combinations Going Public Readiness Lease Accounting Technology, Risk Advisory, and Cybersecurity (TRAC) MFA has a global presence and is active in Washington, London, Brussels, and Asia, supporting a global policy environment that fosters growth in the alternative investment industry.Business Management & Family Office Government Contracting Specialty Advisory Services Healthcare Advisory IT Business Advisory Servicesįinance & Operations Outsourced IT & Advisory Servicesįorensic and Litigation Advisory ServicesĮconomic Damages Forensic Investigations Insurance Claim AnalysisĬorporate Performance Management (CPM) Enterprise Resource Planning (ERP) Finance Transformation Financial Close Transformation Process Improvement and Automation Technology Consulting Services Member firms help pension plans, university endowments, charitable foundations, and other institutional investors to diversify their investments, manage risk, and generate attractive returns over time. ![]() MFA’s more than 140 member firms collectively manage nearly $1.6 trillion across a diverse group of investment strategies. MFA supports member business strategy and growth via proprietary access to subject matter experts, peer-to-peer networking, and best practices. MFA represents the global alternative investment industry and its investors by advocating for public policies that foster efficient, transparent, fair capital markets, and competitive tax and regulatory structures. The report found that the securities industry employs more than 38,000 people and the industry supports an additional 90,000+ jobs in the state. Recently published research completed by EY outlines the impact of an FTT on the securities industry in New Jersey. MFA also submitted testimony for the record before the New Jersey Assembly Committee on Financial Institutions and Insurance. The proposed FTT will make this work more difficult, and studies show that FTTs don’t raise as much money as advertised.” “The proposed financial transaction tax will ultimately be paid by nearly 800,000 of New Jersey’s teachers, firefighters, and police officers who rely on their pensions for retirement. Pensions, foundations, and endowments depend on alternative investments to provide necessary returns to their beneficiaries in all market conditions. – Bryan Corbett, President & CEO of Managed Funds Association, issued a statement following the introduction of New Jersey Assembly Bill A4402 which would implement a new financial transaction tax : ![]()
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