Episode 43

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Published on:

10th Jan 2022

Talking about SALT with Richard Pomp and Jordan Goodman (Part 2)

In the second episode of a two-part series, we continue our conversation with Richard Pomp, Professor at the University of Connecticut Law School and Adjunct Professor at NYU Law in the LLM program in tax, and Jordan Goodman, partner at HMB Legal Counsel. They share their thoughts on prominent tax cases and other state and local tax topics.

 


Questions asked and answered in this Episode:


  • What are some recent tax decisions that they think are bad policy?

 


What You Will Discover:


  • [00:31] Tax decisions they think are bad policies


  • [06:48] Their thoughts on the Express Scripts case


  • [10:30] American Honda and Arkansas Supreme Court


  • [14:42] The current case regarding Sirius XM Radio in Texas


  • [18:34] How to impose sales tax through the B&H Photo case

 


Quotables:


  • “I’ve seen it where they use cost of goods sold because it doesn’t matter for fellow purposes. It’s just a deduction, but the state will jump on it, and the opposite in Texas. Unless you call it cost of goods sold, you don’t get it as cost of goods sold even if it is cost of goods sold.” - Jordan Goodman [08:02]


  • “I don’t care what piece of paper you give the store. What did you pay for out of your cash. That’s the only thing that matters.” - Richard Pomp [23:28]

 


Relevant Links:


Jordan Goodman on LinkedIn: linkedin.com/in/jordanmgoodman


HMB Legal Counsel: hmblaw.com


Richard Pomp: law.uconn.edu/person/richard-pomp


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Production Support

This episode was produced with support from Truth Work Media. www.truthworkmedia.com

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About the Podcast

SALTovation: Making Sense of State and Local Tax
Welcome to SALTovation. The SALTovation show is a podcast series featuring the leading voices in state and local tax (SALT). Here we talk about issues, strategies, and planning tools to help you make sense of SALT. Because, in SALT, there is no “one and done.” SALT is a puzzle of ever-changing pieces. Solving that puzzle is our business at SALTovation. Tens of thousands of listeners know they won't get tax talk as usual with the SALTovation team. Our team is known for straight-talk with a flair for fun, providing clarity and opinions that move businesses forward with confidence.

Attorney, CPA, speaker, and writer Judy Vorndran leads the SALTovation team as they go inside business to help deal with the daily operations and long-term strategies of making SALT less “taxing.” Judy has spent more than 25 years advocating for businesses with innovative strategies, renowned knowledge and experience. She has helped guide thousands of taxpayers across the nation and globally through the morass of SALT, freeing them to concentrate on growth. Joining Judy are the wickedly smart members of the SALTovation team, who have seen, worked with and tamed some of the most prickly issues in SALT. They enjoy sharing their stories and knowledge with listeners.

Solving the SALT puzzle doesn’t happen in a vacuum; it takes a community. So, we invite leaders in business and state and local tax to share their stories, challenges and successes on this show. Drop us a line at SALTovation.com if you'd like to join the conversation and tune into our regular series at TaxOps.com.