Tax & Accounting Blog

Uncertainty in VAT reforms and Sri Lanka

Uncertainty in VAT reforms and Sri Lanka

Very often countries adopt VAT reforms in order to deal with unforeseen economic circumstances and balance their budgets or to respond to political pressure from different groups. As governments try to react fast on changing circumstances, many times the details on the implementation of the reforms are not thought thoroughly, leading to uncertainty and posterior … Read More

New Florida Law Allows Counties to Impose Sales Tax to Fund Public Pensions

New Florida Law Allows Counties to Impose Sales Tax to Fund Public Pensions

On March 25, 2016, Florida Governor Rick Scott approved HB 1297, a bill allowing counties to impose a discretionary sales surtax to fund underfunded public pension plans. The bill was the result of intense lobbying by the City of Jacksonville, which is consolidated with Duval County. According to the Florida Times-Union, Jacksonville pushed for approval … Read More

Nevada Town For Sale, Half-Off

Nevada Town For Sale, Half-Off

The 500-acre unincorporated town in southern Nevada known as Cal-Nev-Ari (short for California-Nevada-Arizona) is on the market at the recently reduced asking price of $8 million.  Originally developed as a small airport community, the land went on the market in 2010 for $17 million when co-founder Nancy Kidwell decided it was becoming tough to maintain at her age, looking for some help … Read More