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Murphy's Law: When Nonbusiness Expenses Strike

02.07.2025 | Duration: 19:17

This episode of This Week in State Tax takes a deep dive into the Murphy Oil USA case and its impact on state tax for spin-offs.

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Podcast Overview

Harley Duncan and Dan De Jong discuss the Arkansas Supreme Court ruling on Murphy Oil USA's interest expenses in a spin-off, highlighting key tax implications and cautionary notes.

Meet our podcast team

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Harley T. Duncan
Consultant to KPMG
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Harley T. Duncan

Consultant to KPMG

Harley T. Duncan is a consultant to the KPMG State and Local Tax practice. He joined KPMG in 2008 and served as leader of the Washington National Tax State and Local Tax Group through 2021. Harley spent the previous 20 years as Executive Director of the Federation of Tax Administrators and has worked with Kansas and South Dakota state governments. He focuses on sales, use and excise taxes as well as matters of state tax policy and tax administration and assists KPMG with the weekly This Week in State Tax (TWIST) publication and podcast series.
Image of Daniel B. De Jong
Daniel B. De Jong
Managing Director, Washington National Tax, KPMG US
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Image of Harley T. Duncan
Harley T. Duncan
Consultant to KPMG
Read bio
Image of Harley T. Duncan

Harley T. Duncan

Consultant to KPMG

Harley T. Duncan is a consultant to the KPMG State and Local Tax practice. He joined KPMG in 2008 and served as leader of the Washington National Tax State and Local Tax Group through 2021. Harley spent the previous 20 years as Executive Director of the Federation of Tax Administrators and has worked with Kansas and South Dakota state governments. He focuses on sales, use and excise taxes as well as matters of state tax policy and tax administration and assists KPMG with the weekly This Week in State Tax (TWIST) publication and podcast series.
Image of Daniel B. De Jong
Daniel B. De Jong
Managing Director, Washington National Tax, KPMG US
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