Will the Taxman Cometh?

Tue, 04 Apr 2017 00:00:00 -0400
Leading Edge

The Trump Administration’s avowed promise to reform the federal corporate tax structure might impact the current and long-standing deductibility of advertising expenses. The ANA will continue to vigorously lobby against any proposals to institute taxes on advertising, even at the state level, where federal action could have significant impact. The ANA is working closely in a number of states with our corporate members, broadcasters, publishers, and other allied groups to oppose taxes on advertising, which generates trillions of dollars in economic activity and supports 20 million U.S. jobs.