Tax Sound Bytes: The Superfund Tax is back

In the fifth episode of Tax Sound Bytes, a podcast series from the Tax Practice Group covering issues affecting international and taxation of the digital economy, host and Eversheds Sutherland Associate Mary Kate Nicholson is joined by Partner Amish Shah to discuss the reinstatement of the Superfund chemicals excise tax, or the Superfund Tax, effective July 1. They cover the background of the Superfund Tax, and who it’s imposed on, including manufacturers, producers and importers of specified chemicals and on importers of specified taxable substances that contain such taxable chemicals. In addition, Amish reviews potential exemptions from the tax, and what companies should do to ensure they stay in compliance. You can find our team’s full Legal Alert on the Superfund Tax here, as well as read the most recent edition of our quarterly newsletter, Green Tax, which recaps some of the important energy tax issues of the last quarter, including court rulings, IRS rulings and guidance, legislative activity, and more. Continuing tradition, their conversation concludes with Mary Kate’s favorite nontax question – if there was a book you could read over again for the very first time, what book would that be? To stay up-to-date on the digital tax information you need to know for your business, subscribe to our Digital Taxation mailing list to receive updates from Digital Tax Bytes on a weekly basis.