The stated purpose of New Jersey’s new wage theft law is to punish employers who knowingly cheat workers out of their pay. But NJBIA and others warn that it may punish plenty of employers for honest mistakes as well. Writing for the legal website JD Supra, Attorney Vanessa Kelly highlights several traps employers need to […]
NJBIA News & Opinion
The communications staff at the New Jersey Business & Industry Association provides daily news about issues that affect the business community. You can browse our articles or receive them direct to your inbox by signing up for our daily e-news service, New Jersey Business Today. In addition, members receive our award-winning monthly magazine, New Jersey Business.
A recent Washington Post article looked at how companies like DSM are rethinking their investments in the U.S. in light of President Donald Trump’s declaration that “American-owned” companies are critical to national security. DSM is a Dutch-owned life-sciences company with an extensive U.S. presence. Among other facilities, it has a manufacturing operation in Parsippany that […]
The New Jersey Division of Taxation announced an important revision to the allocation methodology of reporting GILTI income, which should provide some much needed tax relief for larger companies in the state. NJBIA had been advocating for such a change since the Division initially released guidance in December of 2018. Previously, all CBT taxpayers were […]
Gov. Phil Murphy today announced the first-ever grant recipients for Fiscal Year 2019’s Pre-Apprenticeship in Career Education (PACE) program, as well as $3 million for the second Growing Apprenticeship in Nontraditional Sectors (GAINS) grant and the first-ever Expanding Pre-Apprenticeships in a New Direction (ExPAND) grant. “Investing in our workforce is essential to creating a stronger […]
Thousands of Chinese imports will face an additional 10% tariff starting Sept. 1, even after President Donald Trump delayed a substantial number of them until Dec. 15. The United States Trade Representative (USTR) published the list last week of the specific products that will be affected. In all, approximately $300 billion of Chinese imports will […]