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Expert Analysis

New State Business Taxes May Yield Federal Savings

By Brett Cotler ( August 3, 2018, 12:43 PM EDT) -- In response to U.S. federal income tax reform, Connecticut enacted a new state tax on certain unincorporated businesses and New York state proposed similar legislation. New York City currently imposes an unincorporated business tax on all unincorporated businesses (including sole proprietors) that do business in New York City. This article does not discuss the New York City unincorporated business tax....

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