Tax & Accounting Blog

On July 1, the United States Supreme Court announced the cases that it would consider in its next term. Among those cases is 13-1032, Direct Marketing Association v. Brohl, which challenges the State of Colorado’s so called “Amazon Law.” Colorado’s Amazon Law came into effect on March 1, 2010. Unlike Amazon … Read More

The hearing on copyright in the context of the Dutch private copy levy (also known as media tax) that was originally scheduled for June 19, 2014 in the Tweede Kamer der Staten-Generaal, the House of Representatives of the Dutch parliament, has been rescheduled for September 24th, 2014. The hearing was scheduled as a result … Read More

India Telangana The state of Andhra Pradesh was divided into two states, Telangana and Andhra Pradesh. This officially took effect on 2 June 2014. The existent VAT law will apply to both states until the new government makes modifications to the law. The VAT standard rate is 14.5%, reduced rates are 5% and 1%. … Read More

Because July is a quarterly month as well as a mid-year point, the amount of sales and use tax activity within the 50 states is heavy this month. Listed below are rate changes effective July 1 2014.   RATE CHANGES ALABAMA: CASTLEBERRY 3% CASTLEBERRY (AGRICULTURAL ) 3% CASTLEBERRY, CITY SALES/USE TAX (MANUFACTURING ) 3% CASTLEBERRY, CITY RENTAL TAX (RENTAL ) 3.0% … Read More

New York – Thomson Reuters today announced the launch of ONESOURCE Indirect Tax Rates, a new data and research offering that provides sales and use tax information from over 14,500 tax authorities in the U.S. The customizable, constantly-updated data enables companies to conduct tax determination and calculation processes accurately and efficiently, ensuring their compliance with … Read More

The California Board of Equalization recently issued a special notice discussing virtual currency as a payment method.  According to the notice, sales tax applies to sales of tangible personal property for virtual currency (e.g. Bitcoin, Litecoin, Dogecoin, or Peercoin) just as it would in any other type of sale for consideration. When … Read More