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Day: October 2, 2019

NJ Employment Law Update: Salary History Ban

In yet another step toward strengthening equal pay protections among workers, New Jersey joins the list of states that will now prohibit companies from asking prospective employees about their salary history. The new law, which will take effect in January 2020, makes it illegal for employers to ask about an applicant’s salary, commission or benefits history during the hiring process.  Companies may only consider this information if voluntarily offered by the applicant without coercion,...

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The Tax Cuts and Jobs Act of 2017

In December 2017 the U.S. passed a comprehensive tax reform package focused on supporting U.S. investments and the repatriation of foreign profits. The Tax Cuts and Jobs Act of 2017 (TCJA) lowered the corporate federal tax rate from 35 to 21 percent and made significant changes as to how foreign generated income would be taxed going forward. The TCJA enacted a “territorial” tax system and at the same time introduced provisions aimed to prevent U.S. companies from shifting profits...

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