Tax & Accounting Blog

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Slovenia – PM Considers Raising VAT Rate

Alenka Bratusek, Slovenia’s new Prime Minister, has stated that she is considering raising the VAT rate. Slovenia is currently struggling with the economic effects of bad debts in the banking sector. Bratusek, who was formerly head of the Budget Directorate at Slovenia’s Finance Ministry, told parliament that an increase in the VAT rate would have the least … Read More

Kentucky Imposes State Property Tax on Motor Vehicle Inventory

Kentucky Imposes State Property Tax on Motor Vehicle Inventory

Kentucky has announced that for any motor vehicle held for sale in the inventory of a licensed motor vehicle dealer, whether or not that vehicle is titled and registered in Kentucky and whether or not ownership has been transferred to the dealer, the state shall impose a property tax of 5¢ for every $100 of … Read More

Louisiana Governor to Propose Income Tax Elimination and Sales Tax Increase

Louisiana Governor to Propose Income Tax Elimination and Sales Tax Increase

Louisiana Governor Bobby Jindal is preparing a proposal for the state Legislature which would overhaul the state’s tax system. The Governor and his constituents have stated that the plan includes eliminating the state income tax, increasing the state sales tax at least 1.78%, possibly increasing the tobacco tax, widening the list of services taxed, and … Read More

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Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad

Simplify Financial Tax Reporting by Connecting Your Indirect Tax and SAP Financial Systems Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad. Join us in Las Vegas as we showcase solutions that solve financial challenges around the world, especially in North America, Brazil, and Europe. Our latest … Read More