Real Estate Income Tax Issues Update

We delivered a webinar related to updates of real estate income tax issues on May 18, 2011.  Click on the link and you can listen to a replay of the webinar.  You can get an update on important income tax issues that impact real estate developers, owners and lessors.

Please contact Mike Cooke or Mark Blood if you have questions.

DKB webinars

U.S. Business Has High Tax Rates but Pays Less - NYTimes.com

Great article in the New York Times about the impact of corporate income tax rates on American businesses. I cannot imgine a reduction in corporate income taxes rates without an adjustment of the taxable income base. The federal budget cannot afford any further loss of revenue. There are a number of credible arguments that reductions in corporate income tax rates could have a signficiant impact on bringing high quality jobs (manufacturing!) back to the United States.

It will be interesting to see how the states might react to a broading of the taxable income base. Will they reduce rates or use federal changes as an opportunity to collect more revenues?

I think the article is correct that nothing will happen before the 2012 elections. Neither party has the desire to be portrayed in the press as having provided a tax break to large corporations.

U.S. Business Has High Tax Rates but Pays Less - NYTimes.com