Tax & Accounting Blog

Sales Tax Burden Stays Flat for U.S. Consumers and Businesses in Q1 2014

Blog, Indirect Tax, ONESOURCE, Sales and Use Tax May 30, 2014

TR Grey sign2

New York – U.S. sales tax burden stayed flat, and indirect tax changes declined in the first quarter of 2014, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters.

Thomson Reuters quarterly ONESOURCE Indirect Tax rate report summarizes changes in sales, use and value added taxes. In Q1 2014, state rates remained at an average 5.457 percent for the second straight quarter, while city and county rates experienced negligible rises, allowing the overall average burden to move slightly from 8.451 in Q4 2013 to 8.461 in Q1 2014. Read full press release.