Tax & Accounting Blog

Bangladesh: Trophies for Top Taxpayers

Bangladesh: Trophies for Top Taxpayers

Blog, Indirect Tax July 13, 2012

To kick off its second annual VAT Week (July 10-16th) the government of Bangladesh recognized the top 134 VAT paying companies at a ceremony on July 10th. Finance Minister AMA Muhith personally handed the awards to nine national-level recipients along with 27 from the greater Dhaka region, at a ceremony at Bangabandhu International Conference Centre. … Read More

Thomson Reuters Releases Latest Version of ONESOURCE Indirect Tax Global Software Suite

Thomson Reuters Releases Latest Version of ONESOURCE Indirect Tax Global Software Suite

New York, July 12, 2012 – Thomson Reuters today announced the latest release of the ONESOURCE Indirect Tax global software suite.  Designed to help global companies deal with thousands of indirect tax and value added tax changes a year, the latest release leverages a company’s existing systems, while increasing the speed and accuracy of the … Read More

New Excise Tax on Medical Devices a Sales Tax?

New Excise Tax on Medical Devices a Sales Tax?

Blog, Indirect Tax July 11, 2012

The Supreme Court’s recent ruling upholding President Obama’s health care plan as Constitutional under Congress’s Constitutional authority to levy taxes has given rise to a need for additional taxes to support that “tax”. Of those additional taxes the one that has received the most press so far, largely in part to the outcry from Jersey … Read More

Nevada Tax Commission Applies Sales Tax Complimentary Meals

Nevada Tax Commission Applies Sales Tax Complimentary Meals

Monday, 25 June 2012, The Nevada Tax Commission voted 5-2 to require sales taxes to be applied to complimentary meals for hotels and restaurants’ guests and employees.  This ruling will be applied retroactively, applying to each complimentary meal since 15 February 2012. These businesses are obligated to pay their first bill by 31 July 2012 … Read More