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San Juan County’s Proposition One: the public safety sales tax was narrowly passed by a vote of 2,788 to 2,476. The sales tax in San Juan County is currently 7.8 percent and will increase to 8.1 percent. The new revenues from the .003 percent tax will be used for public safety and law enforcement. By … Read More
The government of Iceland has announced plans to increase the VAT rate on tourist accommodations from 7% to 25.5% beginning May 2013. The increase will make VAT on accommodations in Iceland the highest in Europe. The plan has received harsh criticism from the Icelandic tourism industry. Source: http://www.icelandreview.com/icelandreview/daily_news/Higher_Taxes_on_Aviation_and_Accommodation_0_392624.news.aspx … Read More
Sales tax holidays are normally viewed as a boom for retailers, but even industry advocates are conceding that this year’s tax holidays may be the toughest yet for small store owners. Some economists and tax policy experts agree that sales tax holidays do not significantly increase consumer purchasing. Instead, the highly-publicized events just mean customers postpone … Read More
Voters will get to decide on the fate of a penny sales tax proposed in Lee County, which would fund 49 capital projects in the county, the city of Bishopville and the town of Lynchburg. After a public hearing on Thursday, Lee County Council gave final approval to a referendum ordinance that will be submitted to the … Read More
On august 9th Japan’s opposition-controlled upper house ratified Prime Minister Noda’s bill to raise the country’s sales tax for the first time in 15 years. Under this legislation the current 5% rate will be increased to 10% by 2015. The lower house passed the bill in June. A clause in the bill allows for implementation to be canceled … Read More
Beginning 12 August 2012, select items of clothing and pairs of shoes costing $100 or less will be exempt from Maryland’s 6 percent sales tax. The items will remain exempt through 18 August 2012. The 3-year-old measure is intended to coincide with back to school shoppers preparing for next school year. http://www.somdnews.com/article/20120810/NEWS/708109703/1075/sales-tax-holiday-returns-next-week&template=southernMaryland … Read More