Tax & Accounting Blog

Texas Special District Tax Falls Victim to Its Own Complexity

Texas Special District Tax Falls Victim to Its Own Complexity

As comedian John Oliver recently observed (note: clip contains explicit language), America has an astounding number of special taxing jurisdictions (also known as special districts). There are about 40,000 such districts, which are used to fund things like fire departments, libraries, and mass-transit systems. Special districts have boundaries that don’t conform to existing geopolitical … Read More

Greek Parliament Approves VAT Changes

Greek Parliament Approves VAT Changes

Late last Sunday night the Greek Parliament approved a new Bill aimed to comply with fiscal targets agreed with its creditors. On negotiations held last month Greece and the representatives of the institutional creditors (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) agreed on different measures worth 2.7 billion … Read More

EU VAT Compliance: How Many Boxes does a VAT Return Need?

EU VAT Compliance: How Many Boxes does a VAT Return Need?

In 2013 the European Commission (the Commission) announced a plan to standardize and simplify the VAT returns amongst the Member States in order to diminish the administrative burden faced by the businesses in the European Union (EU) by establishing a uniform set of rules for filling VAT returns. However, after years of discussion, the Commission … Read More