Tax & Accounting Blog

Netherlands Pondering an Increase to The Reduced VAT Rate

Netherlands Pondering an Increase to The Reduced VAT Rate

Dutch Junior Finance Minister Frans Weekers is researching the effects of increasing the country’s reduced rate of value added tax from the current 6% to 8%. The reduced rate is applied to food, hairdressers, plasterers, newspapers and the floral industry. Minister Weekers proposed a similar increase last year which was met with strong protests.   Source:Read More

Helping to Foster Developments in NJ Tax Departments

Helping to Foster Developments in NJ Tax Departments

The TEI NJ Chapter recently brought together close to 200 tax professionals to discuss industry trends and developments in federal, state, and international tax.  John Kuchinski from KPMG discussed the daily challenges that tax professionals face around data and legal entity information.  The career of a tax professional is an extremely tough job … Read More

Congress Allows Numerous Temporary Provisions to Expire at the End of 2011

Congress Allows Numerous Temporary Provisions to Expire at the End of 2011

Congress allowed numerous temporary provisions to expire at the end of 2011. But, note that Congress may retroactively reinstate some or all of these rules. Below are some of the provisions that expired. Reduced alternative minimum tax (AMT) exemption amounts.  Absent another AMT patch, the AMT exemption amounts for tax years beginning after 2011 revert to the … Read More