Tax & Accounting Blog

Sales Tax Burden Holds Steady for U.S. Consumers and Businesses in Q2 2014

Blog, Indirect Tax, ONESOURCE, Sales and Use Tax, VAT Tax Rates August 6, 2014

TR4New York – The U.S. sales tax burden was unchanged in the second quarter of 2014, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters.

“We are clearly in the midst of a stabilizing trend for domestic tax rates,” said Bernadette Sablan, Director of Tax Research and Content at Thomson Reuters.

Thomson Reuters quarterly ONESOURCE Indirect Tax rate report summarizes changes in sales, use and value added taxes. In Q2 2014, state rates remained at an average 5.457 percent for the third straight quarter, allowing the overall average burden to remain at 8.467 in Q2 2014.

CLICK HERE for the full press release.

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