Tax & Accounting Blog

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

For 2014, tangible personal property having a total aggregate fair market value of $10,000 or less per county is exempt from tax. If the aggregate taxable value of all tangible personal property owned by the legal entity is $10,000 or less, you are eligible to apply for an exemption. This exemption is based on ownership. … Read More

Published Kentucky Property Tax Rates

Published Kentucky Property Tax Rates

The Kentucky Department of Revenue recently released a document publishing the 2012 and 2013 ad valorem motor vehicle property tax rates. The tax rates feature local municipality rates and include county, city, special district and school levies. The publication mentions that historic vehicles are taxed only at the state level, while non-historic vehicles … Read More

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

Minimizing Transfer Pricing Risks with technology as APAC TP scrutiny increases

The 2014 Golden Tax Summit Transfer Pricing Conference, held in Hong Kong, had a large presence of multinational corporations across the Taiwan, Hong Kong, and the Greater China areas.  During the conference, Thomson Reuters ONESOURCE held a workshop on how these organizations can improve their financial performance and optimize their transfer pricing compliance with local … Read More

$1 Billion Software Company TIBCO Selects Thomson Reuters to Consolidate its Global Sales, Use and Value-Added Tax Determination

$1 Billion Software Company TIBCO Selects Thomson Reuters to Consolidate its Global Sales, Use and Value-Added Tax Determination

New York – Thomson Reuters announced today that TIBCO Software Inc. has selected ONESOURCE Indirect Tax Determination to automate and centralize the determination, calculation and reporting of sales tax, use tax, goods and services tax (GST), value-added tax (VAT), and other country-specific taxes. TIBCO already uses ONESOURCE Indirect Tax for sales and use … Read More