Living With New York’s New Corporate Investment Income Rules

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Overview


In Depth


Peter Faber wrote in this bylined article that the latest New York State corporate investment income rules “will impose major compliance burdens and record-keeping obligations on corporations that want to have part of their income treated as investment income.” Mr. Faber advised that companies “should be adopting record-keeping and identification procedures to comply with the new rules,” although in some cases “compliance may be difficult in addition to being expensive.”