Bloomberg News quoted New York Tax Partner-in-Charge Maury Cartine, in an article about hedge fund managers working remotely to avoid New York City’s Unincorporated Business Tax.
By Ben Steverman
For example, officials could argue that employees are still relying on technology, including computer servers and networks, that operate from their New York City offices, said Maury Cartine, a lawyer and certified public accountant who is a partner at accounting and tax advisory firm Marcum.
Absent that, the city could hold off taking a position and audit firms down the road. Ultimately, disputes could be settled in court, he said.