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Commentary

CA Supreme Court at Transfer Tax Crossroads

PALO ALTO, CA—In this EXCLUSIVE commentary, we look deeper into the question before the high court of what is “realty sold.”

PALO ALTO, CA—The American Revolutionary war motto of “no taxation without representation” was first popularized, not by the drama of the Boston Tea Party, but after the British passed the humdrum Stamp Act of 1765. So says Jubin Meraj and Michael Polentz of Manatt Phelps & Phillips LLP, located in the Palo Alto, CA office. The partner and co-chair of the real estate and land use practice group at the firm say that “The Stamp Act imposed a tax on legal documents (among other printed material), such as land deeds.  The colonists hated it to no end (mainly because they had no say in passing the tax and no benefit from it, thus the slogan) and the seeds of revolutionary discontent were planted.”

In the exclusive commentary below, the authors take a closer look at the question before the high court. The views expressed below are the author’s own.

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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