It’s one of the unique aspects of doing business in Philadelphia and one of the most decried: the Business Privilege Tax. The BPT charges law firms, solo practitioners and other businesses for the privilege of operating in the city, on the basis of the gross receipts and net income of the business.
Barrack Rodos & Bacine recently appeared before the Tax Review Board and successfully defended the way it calculated its net income for the BPT in In Re: Barrack, Rodos & Bacine.
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