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Infrastructure is critical to the growth of economy. In particular, logistics infrastructure with a well-designed, extensive network of roads, bridges, railways, ocean and air routes, ports, and airports is one of the vital growth drivers for industry and trade. India is one of the fastest growing major economies in the world with an expected GDP … Read More
The European Commission (EC) ruling that Ireland provided illegal tax benefits to Apple could cost Apple €13 billion ($14.5 billion) and significantly impact how companies do business in Europe. The ruling also underscores the challenges the EC increasingly faces and predicts how decisions made in Brussels could impact US tax revenues. The EC takes a … Read More
In a unique approach to funding area 911 services, the fiscal court of Whitley County, Kentucky has voted to impose a 911 surcharge on its citizens’ monthly water bills. For decades, state and local governments across the country have imposed monthly surcharges on residents’ phone bills in order to fund 911 emergency response … Read More
The application of New Zealand’s GST to digital and remote services sold by offshore sellers to New Zealanders (the so-called “Netflix” tax) commences on October 1, 2016. See BEPS Action 1. The rules apply to sales by offshore sellers (which could include sellers from Singapore, Australia, Hong Kong, and elsewhere) to … Read More
The Texas Comptroller updated its website this month, and broke the links of tax professionals everywhere. The new website is touted by the Comptroller’s Office as “delivering a more intuitive and customer service-focused design; a powerful, enhanced search … Read More
While the 2016 Presidential Contest is receiving the most attention on the airwaves, Californians will cast their ballots on a whopping $32 Billion of proposed revenue measures. There are presently 427 revenue measures scheduled to appear on the November, 8 Ballots, breaking the previous record of 268 measures in the 2014 mid-term election. … Read More