• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

McCarter & English Logo

  • People
  • Services
  • Insights
  • Our Firm
    • Leadership Team
    • Social Justice
    • Diversity, Equity & Inclusion
    • Pro Bono
    • Client Service Values
    • Alumni
  • Join Us
    • Lawyers
    • Summer Associates
    • Patent Professionals
    • Professional Staff
    • Job Openings
  • Locations
    • Boston
    • Philadelphia
    • East Brunswick
    • Indianapolis
    • Stamford
    • Hartford
    • Trenton
    • Miami
    • Washington, DC
    • New York
    • Wilmington
    • Newark
  • Share

Share

Browse Alphabetically:

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • All
Bankruptcy, Restructuring & Litigation
Blockchain, Smart Contracts & Digital Currencies
Business Litigation
Cannabis
Coronavirus Resource Center
Corporate
Crisis Management
Cybersecurity & Data Privacy
Delaware Corporate, LLC & Partnership Law
Design, Fashion & Luxury
E-Discovery & Records Management
Energy & Utilities
Environment & Energy
Financial Institutions
Food & Beverage
Government Affairs
Government Contracts & Global Trade
Government Investigations & White Collar Defense
Healthcare
Hospitality
Immigration
Impact Investing
Insurance Recovery, Litigation & Counseling
Intellectual Property
Labor & Employment
Life Sciences
Manufacturing
Products Liability, Mass Torts & Consumer Class Actions
Public Finance
Real Estate
Renewable Energy
Sports & Entertainment
Tax & Employee Benefits
Technology Transactions
Transportation, Logistics & Supply Chain Management
Trusts, Estates & Private Clients
Venture Capital & Emerging Growth Companies
  • Broadcasts
  • Events
  • News
  • Publications
  • View All Insights
Search By:
Insights Speaking Microphone Women
Main image for Dueling News Conferences, but Signs of Compromise in Trenton Budget Battle
News|Quote

Dueling News Conferences, but Signs of Compromise in Trenton Budget Battle

ROI-NJ

6.27.2018

New Jersey Governor Phil Murphy and leaders of the legislature stated Monday that they are looking to strike a compromise on taxes and revenues. Murphy has not yet acquiesced, however. He explained to reporters Monday that the Legislature’s budget is still off-target by at least $855 million. The legislature passed a new business tax bill on Monday while Murphy continues to push a personal income millionaire’s tax.

According to McCarter & English Partner Michael Guariglia, the difference between the taxes is that the state can rely on the personal income tax with more certainty than it can the business tax. That’s because, Michael explains, companies can shift around the income to make it appear is if the allocated income is in another state, or defer income until the business tax expires – both of which would result in significant loss of revenue for the state.

Click to read “Dueling News Conferences, but Signs of Compromise in Trenton Budget Battle” article.

sidebar

pdfemail

Related People

Media item: Michael A. Guariglia
Michael A. Guariglia

Partner

Related Services

Class Action & Multidistrict Litigation
Tax & Employee Benefits
Trusts, Estates & Private Clients
Subscribe to our Insights
McCarter & English, LLP
Copyright © 2023 McCarter & English, LLP. All Rights Reserved.
  • Login
  • Attorney Advertising
  • Privacy
  • Awards Methodology
  • Contact
  • Subscribe
  • Sitemap

The McCarter & English, LLP website is for informational purposes only. We do not provide legal advice on this website. We can provide legal advice only to our clients in specific inquiries that they address to us. If you are interested in becoming a client, please contact us, but do not send any information about your specific legal question. We cannot serve as your lawyers until we establish an attorney-client relationship, which can occur only after we follow procedures within our firm and after we agree to the terms of the representation.

Accept Cancel