Nevada's Tax Gamble

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

The people of Nevada have long been averse to direct taxation by the government, preferring to rely on gambling and tourism taxes; however, these methods are no longer enough to support the state. In this article, Alex Thacher, Allan Holzer and Brian Aragon of Ernst & Young discuss Nevada's tax gamble, the Nevada Commerce Tax, and whether it will pay off.