Understanding the applicability of Business Licenses for Banks

As part of our In the Vault with KPMG banking podcast series, Liz L’Hommedieu, Principal in Washington National Tax and a leader for KPMG’s Banking and Capital Markets Tax practice, moderated a recent discussion with Suzanne Caputo from KPMG’s National Indirect Tax Compliance Center. In this podcast, they provided an overview of a business license and how banks within certain jurisdictions are subject to the required license. They explained what it is and who needs it, the various types licenses and the associated fees, and how a business becomes licensed.

Suzanne is a Managing Director in KPMG’s National Indirect Tax Compliance Center.

We hope you find this informative and insightful.