Tax & Accounting Blog

July 2014 Sales & Use Tax Rate Update

July 2014 Sales & Use Tax Rate Update

Because July is a quarterly month as well as a mid-year point, the amount of sales and use tax activity within the 50 states is heavy this month. Listed below are rate changes effective July 1 2014.   RATE CHANGES ALABAMA: CASTLEBERRY 3% CASTLEBERRY (AGRICULTURAL ) 3% CASTLEBERRY, CITY SALES/USE TAX (MANUFACTURING ) 3% CASTLEBERRY, CITY RENTAL TAX (RENTAL ) 3.0% … Read More

New Thomson Reuters Data and Research Offering Provides Indirect Tax Information for Over 14,500 U.S. Jurisdictions

New Thomson Reuters Data and Research Offering Provides Indirect Tax Information for Over 14,500 U.S. Jurisdictions

New York – Thomson Reuters today announced the launch of ONESOURCE Indirect Tax Rates, a new data and research offering that provides sales and use tax information from over 14,500 tax authorities in the U.S. The customizable, constantly-updated data enables companies to conduct tax determination and calculation processes accurately and efficiently, ensuring their compliance with … Read More

The UK Bareboat Charter Measure and the Arm’s Length Standard

The UK Bareboat Charter Measure and the Arm’s Length Standard

Drilling rig multinationals often place ownership of their key assets – drilling rigs – in tax haven affiliates, which often lease this property to operating affiliates at lease rate around 14 percent of the value of the rigs.  The UK government argues that these intercompany lease rates are generous and result in … Read More

IRS, United Nations Comment on the Latest Developments in Transfer Pricing for Developing Nations

IRS, United Nations Comment on the Latest Developments in Transfer Pricing for Developing Nations

Practitioners from the IRS, U.N., and Mexican Tax Administrative Services shared insights on the latest transfer pricing trends, in particular for developing nations, at the first Transfer Pricing Innovation Forum on June 10 in New York City. Transfer Pricing Updates at the United Nations. Ilka Ritter, Associate Expert in the International … Read More