Tax & Accounting Blog

Sales Tax Burden Holds Steady for U.S. Consumers and Businesses in Q2 2014

Sales Tax Burden Holds Steady for U.S. Consumers and Businesses in Q2 2014

New York – The U.S. sales tax burden was unchanged in the second quarter of 2014, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. “We are clearly in the midst of a stabilizing trend for domestic tax rates,” said Bernadette Sablan, Director of Tax Research and Content at Thomson … Read More

Virginia Attorney General’s Advisory Opinion About Dual Taxation

Virginia Attorney General’s Advisory Opinion About Dual Taxation

Virginia’s Senator Richard H. Black requested an official advisory opinion from Attorney General Mark R. Herring regarding a county and town assessing business tangible personal property and if this is dual taxation. On July 16th the opinion written is that both town and county may concurrently assess tangible personal property taxes when the … Read More

July 2014 International Indirect Tax Update

July 2014 International Indirect Tax Update

The month of July saw many changes across several countries. The following is a list of those countries and the specifics behind each change. Canada – Multiple Provinces EPRA has announced that environmental handling fees will be updated in several provinces effective 1 October 2014. Czech Republic The emerging government coalition of the … Read More

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EU Council Issues Fiscal Policy Recommendations

The Council of the European Union issued recommendations and opinions on economic policy for 26 of the 28 Member States (excluding Cyprus and Greece) on 8 July, 2014. The recommendations were issued without discussion and close out the European Semester, the annual fiscal monitoring process. The recommendations largely follow the recommendations of … Read More