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Richard Jones was quoted in the article "Massachusetts Ruling Upends Norms for Taxing Nonresident Income," published by Bloomberg Tax [sub.req'd] on April 4, 2025. 

The article discusses a Massachusetts Appeals Court ruling that allows the state to tax a nonresident’s capital gains from stock sales if the stock is tied to prior in-state compensation, unsettling traditional norms around nonresident taxation.

Rich noted the ruling will “garner attention—and possibly consternation” nationwide and questioned the court’s reasoning, stating, “it is difficult to reconcile this conclusion with the fact that Mr. Welch acquired the stock on founding the company.”