SALTovation: Making Sense of State and Local Tax

Talking about SALT with Richard Pomp and Jordan Goodman (Part 2)


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In the second episode of a two-part series, we continue our conversation with Richard Pomp, Professor at the University of Connecticut Law School and Adjunct Professor at NYU Law in the LLM program in tax, and Jordan Goodman, partner at HMB Legal Counsel. They share their thoughts on prominent tax cases and other state and local tax topics.

 


Questions asked and answered in this Episode:


  • What are some recent tax decisions that they think are bad policy?


 


What You Will Discover:


  • [00:31] Tax decisions they think are bad policies


  • [06:48] Their thoughts on the Express Scripts case


  • [10:30] American Honda and Arkansas Supreme Court


  • [14:42] The current case regarding Sirius XM Radio in Texas


  • [18:34] How to impose sales tax through the B&H Photo case


 


Quotables:


  • “I’ve seen it where they use cost of goods sold because it doesn’t matter for fellow purposes. It’s just a deduction, but the state will jump on it, and the opposite in Texas. Unless you call it cost of goods sold, you don’t get it as cost of goods sold even if it is cost of goods sold.” - Jordan Goodman [08:02]


  • “I don’t care what piece of paper you give the store. What did you pay for out of your cash. That’s the only thing that matters.” - Richard Pomp [23:28]


 


Relevant Links:


Jordan Goodman on LinkedIn: linkedin.com/in/jordanmgoodman


HMB Legal Counsel: hmblaw.com


Richard Pomp: law.uconn.edu/person/richard-pomp


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Production Support

This episode was produced with support from Truth Work Media. www.truthworkmedia.com

Mentioned in this episode:

SALT Contact

SALT Contact

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