The Jones Walker LLP Maritime Industry Team hosted a maritime industry seminar for professionals operating in the offshore and maritime industries and trade.
Seminar topics ranged from OFAC and Sanctions, Tax, Employment Law Compliance, Marine Finance, Maritime Transactions & Jones Act Compliance.
Jones Walker Tax Practice Group leader, Bill Backstrom, presented “Charting a Course for Taxation Navigation” which discussed how maritime operations in the US present unique state and local tax implications. Navigating the sometimes-choppy waters of state and local taxation can be tricky or even treacherous. Other times, state and local tax laws may lead to buried treasures. This session provided attendees with current developments in the world of state and local taxation of maritime operations. Attendees also learned about certain unique aspects of state and local taxation of maritime businesses that could help professionals avoid tricks and traps or take advantage of tax benefit opportunities.
