Tax & Accounting Blog

Hawaii Legislature Adjourns Without Passing Major Sales Tax Bills

Hawaii Legislature Adjourns Without Passing Major Sales Tax Bills

The Hawaii Legislature adjourned its 2011 regular session on May 5th without passing some important sales tax legislation. The following bills died upon the ending of the session: S.B. 1355: would have conformed the state’s general excise tax laws to the Streamlined Sales and Use Tax (SST) Agreement H.B. 1183: would have added a so-called … Read More

Thomson Reuters Survey Reveals 80 Percent Increase in Indirect Tax and VAT Audit Activity

Thomson Reuters Survey Reveals 80 Percent Increase in Indirect Tax and VAT Audit Activity

New York, May 4, 2011 – A Thomson Reuters survey conducted with global companies showed that despite an 80 percent perceived increase in audit activity, less than half of companies (48 percent) automate the entire indirect tax process — from tax preparation to remittance and recovery. The automation process is a critical component of achieving … Read More