Category: Richard Ainsworth

Nutfield Publishing owes $163K to IRS

Eagle Tribune Richard Ainsworth, School of Law Nutfield Publishing, a Londonderry-based company that produces free newspapers and other media, owes more than $160,000 to the Internal Revenue Service, public tax documents obtained from the town show… Expert quote: “There’s no indication that they have not been in good standing.” View full article

Covidien purchase could have tax benefits for Medtronic

Boston Globe (subscription required) Richard Ainsworth, School of Law Among the more valuable assets Medtronic acquired with its announced $42.9 billion purchase of Covidien PLC: Covidien’s Irish address… Expert quote: “If I did this thing straightforward, then Covidien would live in Minneapolis, but we don’t want that. So we do it the other way around, so we […]

Kentucky legislators take aim at ‘zapper’ sales tax fraud

Courier-Journal Richard Ainsworth, School of Law Hoping to recoup under-reported taxes, Kentucky legislators are taking aim at a little-known tool used to hide retailers’ sales from tax collectors. House Bill 69 would make possession of so-called “tax zappers” a Class D felony… Expert quote: “That’s important. You’ve got to put these guys out of business, and the […]

Springfield lawyer to sue over tech tax

Boston Globe (subscription required) Richard Ainsworth, School of Law Massachusetts’ new tax on software services is coming under additional attack by the business community, prompting Governor Deval Patrick to acknowledge he is concerned the uproar will damage the state’s reputation in technology circles… Expert quote: “There’s a lot of fine distinctions in sales taxes. You’ve […]