Tax & Accounting Blog

Sunset Beach De-annexations Face Hurdles

Sunset Beach De-annexations Face Hurdles

The proposed Sunset Beach de-annexation bill sponsored by North Carolina Senator Rabon has been anything but a smooth, agreeable process so far.  Local community leaders, including town Mayor Watts, have already passed their own resolution opposing Senate Bill 875 which aims to de-annex three different sections of land within the town.  Each of these three properties have an extensive … Read More

Texas Special District Tax Falls Victim to Its Own Complexity

Texas Special District Tax Falls Victim to Its Own Complexity

As comedian John Oliver recently observed (note: clip contains explicit language), America has an astounding number of special taxing jurisdictions (also known as special districts). There are about 40,000 such districts, which are used to fund things like fire departments, libraries, and mass-transit systems. Special districts have boundaries that don’t conform to existing geopolitical … Read More

Greek Parliament Approves VAT Changes

Greek Parliament Approves VAT Changes

Late last Sunday night the Greek Parliament approved a new Bill aimed to comply with fiscal targets agreed with its creditors. On negotiations held last month Greece and the representatives of the institutional creditors (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) agreed on different measures worth 2.7 billion … Read More