Tax & Accounting Blog

Thomson Reuters Granted Patent for Universal Tax Determination Engine

Thomson Reuters Granted Patent for Universal Tax Determination Engine

The Tax & Accounting business of Thomson Reuters today announced it has been granted a U.S. Patent for its Universal Tax Determination Engine (UTDE).  The patent for invention number 7,933,803, part of the ONESOURCE Indirect Tax solution, provides centralized control of tax policy and data driven tax determination for sales, use, and value added … Read More

South Carolina enacts sales and use tax nexus exemption for certain in-state distribution facilities

South Carolina enacts sales and use tax nexus exemption for certain in-state distribution facilities

On June 8, 2011, South Carolina passed new legislation that provides a temporary exemption from sales and use tax collection for certain in-state distribution facilities.  Under the new law, SB 36, a qualifying distribution center is not considered to have physical presence in South Carolina sufficient to establish a nexus with the state for sales … Read More

Still alive and kicking – proposed click-through nexus bill in California

Still alive and kicking – proposed click-through nexus bill in California

It’s back – proposed click-through nexus legislation.  On June 1, proposed click-through nexus bill passed the California Assembly and is now pending Senate committee referral. The bill, A.B. 153, expands the definition of  a “retailer engaged in business in this state” to include any retailer entering into agreements under which a person or persons in … Read More