Tax & Accounting Blog

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Supreme Court Denies Cert.: Online Companies Must Keep Collecting Sales Tax in NY

According to Reuters, the United States has refused to hear Amazon.com and Overstock.com’s appeal of the New York State Court of Appeals decision in Overstock.com, Inc. and Amazon.com, LLC v. New York State Dept. of Taxation & Finance, 20 NY3d at 590 (March 28, 2013). Docket no. 13-252 provides the headlines, but … Read More

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

NEW YORK, December 3, 2013 — According to a recent Thomson Reuters poll, consolidating and gathering tax-related data requires the most effort during the compliance process (with 44 percent of respondents indicating as such).  Other areas of focus for tax departments include. Read press release.Read More

December 2013 International Indirect Tax Updates

December 2013 International Indirect Tax Updates

The following VAT changes came recently into effect: India Tripura On November 20th, 2013 the Official Gazette of India Tripura published the Notification No. F-I-11(17)-TAX/2007, in which the current standard VAT rate of 13.5% is being        increased to 14.5%. The change became effective from the date of its publication, from … Read More

ECJ Judgment in case C-494/12 on the interpretation of “Supply of Goods”

ECJ Judgment in case C-494/12 on the interpretation of “Supply of Goods”

On 5 November 2012 the First-tier Tribunal (Tax Chamber) of the United Kingdom had requested a preliminary ruling from the Court of Justice of the European Union (ECJ) in case Dixons Retail Plc v Commissioners for Her Majesty’s Revenue and Customs (Case C-494/12) referring VAT questions related to the definition of “supply of goods” and … Read More