Practitioner Questions the Expanded Sweep of Unclaimed Property Audits and the States' Focus on Generating Revenues

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

Unclaimed property has become a hot topic in state taxation as many states have recently turned these laws into revenue generators, at the expense of holders. In this interview, Ethan D. Millar, of Alston & Bird LLP, discusses recent trends in escheat laws, including the impact of daily deals such as Groupon, and recent developments in Delaware and New Jersey.