More states, counties and cities reduced their sales tax rates in 2011 than in 2010, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. At the same time, fewer new sales taxes were created. Overall, the average U.S. sales tax rates for states, counties and cities that levy them declined slightly in 2011.
The annual ONESOURCE Indirect Tax rate report summarizes changes in sales, use and value added taxes — providing a high-level look at information incorporated in detail in the Thomson Reuters ONESOURCE Indirect Tax Solutions.
To view press release and download report: http://thomsonreuters.com/press-releases/022012/544216