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Jun 25, 2024 | 
news.bloombergtax.com | Shail Shah
California’s latest budget bill, SB 167, could pose challenges for startups and companies with large upfront costs and initial losses by suspending net operating loss deductions for taxable years 2023, 2024, and 2025, and limiting use of business credits to $5 million for the same period. The bill, passed June 13, awaits Gov. Gavin Newsom’s (D) signature.
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Apr 30, 2024 | 
mondaq.com | Nikki Dobay |Shail Shah
In this episode of GeTtin' SALTy, host Nikki Dobay is joined
by GT Shareholder Shail Shah for a discussion of some recent
decisions released by the California Office of Tax Appeals (OTA).
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Apr 24, 2024 | 
lexology.com | Nikki Dobay |Shail Shah
Click here to listen to the AudioIn this episode of GeTtin’ SALTy, host Nikki Dobay is joined by GT Shareholder Shail Shah for a discussion of some recent decisions released by the California Office of Tax Appeals (OTA).
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Mar 8, 2024 | 
mondaq.com | Shail Shah
On Feb. 14, 2024, the California Office of Tax Appeals (OTA)
denied the Franchise Tax Board (FTB)'s petition for rehearing, confirming
its opinion in Appeal of Microsoft
Corporation. The decision allows Microsoft to include 100% of
its foreign dividends in the sales factor denominator.
Microsoft, a water's-edge filer in California, appealed the
FTB's denial of its claim for refund totaling approximately
$93.9 million for fiscal year ending June 30, 2018.
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Mar 5, 2024 | 
natlawreview.com | Philip Person |Ryan Bykerk |Shail Shah |Philip G. Feigen
Skip to main content March 05, 2024 Volume XIV, Number 65 Legal Analysis. Expertly Written. Quickly Found.
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Mar 5, 2024 | 
natlawreview.com | Shail Shah
Skip to main content March 05, 2024 Volume XIV, Number 65 Legal Analysis. Expertly Written. Quickly Found. Trending News Gross Receipts Means Gross Receipts: Appeal of Microsoft Print Mail Download i On Feb. 14, 2024, the California Office of Tax Appeals (OTA) denied the Franchise Tax Board (FTB)’s petition for rehearing, confirming its opinion in Appeal of Microsoft Corporation.
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Mar 5, 2024 | 
lexblog.com | Shail Shah
Shail Shah has been helping clients address California tax problems for more than 15 years. His clients range from Fortune 25 companies to high-net-worth individuals.
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Mar 5, 2024 | 
lexology.com | Shail Shah
On Feb. 14, 2024, the California Office of Tax Appeals (OTA) denied the Franchise Tax Board (FTB)’s petition for rehearing, confirming its opinion in Appeal of Microsoft Corporation. The decision allows Microsoft to include 100% of its foreign dividends in the sales factor denominator. Case OverviewMicrosoft, a water’s-edge filer in California, appealed the FTB’s denial of its claim for refund totaling approximately $93.9 million for fiscal year ending June 30, 2018.
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Feb 26, 2024 | 
natlawreview.com | Shail Shah
Following the impact of remote and hybrid work on San Francisco, the San Francisco Offices of Treasury and Controller drafted a joint proposal to mitigate risks in the current tax structure. The proposal may serve as a framework for a ballot measure presented to voters on the November 2024 ballot. The proposal currently is revenue neutral; however, it is not yet clear where the final measure could land.
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Feb 26, 2024 | 
lexology.com | Shail Shah
Following the impact of remote and hybrid work on San Francisco, the San Francisco Offices of Treasury and Controller drafted a joint proposal to mitigate risks in the current tax structure. The proposal may serve as a framework for a ballot measure presented to voters on the November 2024 ballot. The proposal currently is revenue neutral; however, it is not yet clear where the final measure could land.
