State and Local Tax Services publications

State and local tax trends affecting businesses in 2009: Looking back, looking ahead
In 2008, the world began facing an economic crisis of confidence, to say the least. State and local governments, hardly immune from the difficulties of this past year, continue to change their laws in efforts to increase revenues. This year's journal is intended to help you work through the 2008 changes.

SALT update alerts
In 2008, PwC published an article titled Michigan’s next bold experiment: From the SBT to the MBT, in the State and Local Tax Services annual thought leadership journal State and local tax trends affecting businesses in 2008: Looking back, looking ahead. The article spells out the details of the 2007 transition from the Single Business Tax to the Michigan Business Tax, a two-pronged tax based on both gross receipts and business income.

Since the adoption of the MBT, the state legislature and the Department of Treasury have been amending and interpreting the new tax. Given the enormity of the change — the complete abandonment of one tax system for another — taxpayers and tax advisors have eagerly awaited these amendments and interpretations, which will have a significant impact for businesses as they gear up to file their initial MBT returns for 2008.