Tax & Accounting Blog

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

Background  The word “Brexit” is a portmanteau, with the words “Britain” and “Exit” blended together to describe the withdrawal of the United Kingdom (UK) from the European Union (EU). There are thousands of articles analyzing the ins and outs for Britain along with the pros and cons of leaving the bloc. There is even a … Read More

A €13 billion back tax bill recently handed to Apple by the European Commission (the Commission) should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, Pascal Saint-Amans, Director, OECD Centre for Tax Policy and Administration, said on September 26, 2016. … Read More