In this 7th annual Lodging Tax Report, HVS explores the current status and historical trends of lodging taxes in the USA. This updated version provides lodging tax rates/collections on all 50 US states and 150 US cities.
According to STR’s 2016 HOST data, 15 counties in the U.S. comprise approximately 36% of all hotel property tax expense.
If you are a hotel executive or other highly compensated individual in the hospitality industry, you need to be aware of how the new Tax Act (H.R. 1 Tax Cuts and Jobs Act) might affect your estate plan. In some cases, the impact will be significant.
As of January 1, 2018 owners of General Partnerships, Limited Partnerships or multi-member Limited Liability Companies may soon find themselves economically liable for the unpaid tax of former partners/members of those entities. JMBM Tax Attorney Jamie Ogden briefly describes the new audit regime, who it affects, and what you need to do to protect yourself from uncertainties.
In the 6th annual Lodging Tax Report, HVS explores the current status and historical trends of lodging taxes in the USA. This updated version provides lodging tax rates/conditions in all 50 US states and 150 US cities.
In recent events, including the highly contentious highway liquor-ban and the just declared Good & Services Tax by The Government of India, it appears that the Hospitality business has been extended the second fiddle treatment.
Corporate tax departments are now measured primarily on how well they manage risk, as companies recognise the potential reputational and wider risks that tax can pose to a business.
My partner Scott Harshman counsels foreign investor clients from all over the world. He tells them that it is urgent to get an early grip on potential U.S. tax consequences and structures when first contemplating their investment in the U.S. The key is doing the analysis BEFORE making the investment. The earlier, the better. Otherwise, the unfortunate foreign investor may become ensnarled in a messy tangle of tax and regulatory issues never imagined.
In the 5th annual Lodging Tax Report, HVS explores lodging tax trends in the USA. This updated version provides lodging tax rates/collections in all 50 US states and 150 US cities, and estimates the impact of Airbnb on lodging tax collections.
Bloomberg BNA’s 2016 Survey of State Tax Departments found that business travel via airplane from another state will create income tax nexus in two out of five states.