Tax & Accounting Blog

Virtual Freight and Logistics Corridor (VFLC) – Logistics Simplified – Part 1

Virtual Freight and Logistics Corridor (VFLC) – Logistics Simplified – Part 1

Investments in transport infrastructure are maybe the most important single contributor to urban growth.  Related to this, transportation is also critical to the location decisions of international business. That is one reason why the development of a logistics hub – be it global or regional logistics hub or a specialized port city, airport city, warehousing … Read More

Buffalo Chip Campground is South Dakota’s Newest Town

Buffalo Chip Campground is South Dakota’s Newest Town

Indirect Tax, ONESOURCE January 28, 2016

Buffalo Chip, a longtime campground and site of numerous concerts and festivals each year, was unanimously voted by their community members to become South Dakota’s newest incorporated town.  Campground CEO, Rod Woodruff, intends to keep ‘business as usual’ within the new town, adopting already established ordinances from Meade County.  However, Sturgis, the closest city to Buffalo Chip … Read More

tax

Taxing the Cloud: Michigan Dept. of Treasury Changes Policy

As software has become less tangible, the application of sales and use taxes has become more complicated. Recently, Michigan’s Department of Treasury released a notice clarifying their policy regarding prewritten computer software delivered electronically after a Court of Appeals ruling on the issue.  See Auto-Owners Inc. Co. v. Dept. of Treas., 2015 WL 6473592 … Read More

Texas Adds Three Combined Tax Areas Effective January 1st 2016

Texas Adds Three Combined Tax Areas Effective January 1st 2016

Effective January 1st, the following three combined tax areas are recognized by the state of Texas: Forney/Kaufman County Development District Killeen/Salado Public Library District Niederwald/Caldwell Hays Emergency Services District No. 1-A This brings the total number of combined tax areas in the state of Texas up to 40. Combined tax areas are “unique areas where … Read More

South Africa on Track to Implement Country-by-Country Reporting

South Africa on Track to Implement Country-by-Country Reporting

On December 23, 2014, South Africa’s Davis Tax Committee (“DTC”) released a First Interim Report on BEPS (the Report) for public comment. The DTC was formed by the Minister of Finance on July 17, 2013 to “evaluate the South African tax system against the international tax trends, principles and practices, as well as recent … Read More

Should Indonesia Join the Trans-Pacific Partnership Agreement?

Should Indonesia Join the Trans-Pacific Partnership Agreement?

During a meeting with the U.S. President Barrack Obama at the White House last October, the President Republic of Indonesia Joko Widodo – known domestically as Jokowi – stated that Indonesia intends to join the Trans-Pacific Partnership (TPP) Agreement.  “Indonesia is an open economy and with a population of 250 million, we are the largest … Read More