General welfare captured much of the attention of lawmakers and the Internal Revenue Service in 2013. Courts were also active last year in issues relevant to Indian tribes, ruling on state tax matters and the federal income tax aspects of Section 17 corporations. This alert discusses 10 Indian tribal tax developments from last year and how they are likely to influence the priorities of tribal leaders, legal counsel, financial officers and government affairs representatives in 2014. 1. General Welfare Tax Planning 2. New Developments Regarding Taxation of Tribal Trust Settlements and Trust Resources 3. IRS Audits of Tribal Governments, Tribal Members and Tribal Casinos 4. Developments in State/Local Taxation of Tribal Transactions 5. Tribal Business Structure Tax Planning 6. Continued Availability of Tax-Exempt Financing 7. Tribal Employee Plan Issues 8. Federal Legislation Impacting Taxation on Indian Lands 9. Tax Implications of Any Federal Legislative Authorization of Online Gaming 10. Prospects for Federal Tax ReformGet the Story:
Kathleen M. Nilles, Zehava Zevit, Kenneth "Ken" W. Parsons and Robert B. Berselli: Top 10 Indian Tribal Tax Developments In 2013 And Priorities For 2014 (Mondaq.com 1/9)
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