Tax & Accounting Blog

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

NEW YORK, January 8, 2014 – The Tax & Accounting business of Thomson Reuters announced today that it has successfully completed SSAE16 Type 2 and ISAE 3402 examinations for its ONESOURCE Indirect Tax research and content subscriptions services, and its VAT compliance process.  Conducted by an independent CPA firm, the exams are used to establish … Read More

Belgium – Lawyer Services subject to 21% VAT in 2014

Belgium – Lawyer Services subject to 21% VAT in 2014

Until 31 December 2013 Belgium was the only EU country applying VAT exemption under art.44 §1 (1) of the VAT Act to lawyer services provided by Belgian, EU-listed lawyers or firms located in Belgium with the majority of Belgian or EU-listed partners. This allowed not charging clients VAT, however, the firms had to absorb any … Read More

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Supreme Court Denies Cert.: Online Companies Must Keep Collecting Sales Tax in NY

According to Reuters, the United States has refused to hear Amazon.com and Overstock.com’s appeal of the New York State Court of Appeals decision in Overstock.com, Inc. and Amazon.com, LLC v. New York State Dept. of Taxation & Finance, 20 NY3d at 590 (March 28, 2013). Docket no. 13-252 provides the headlines, but … Read More

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data

NEW YORK, December 3, 2013 — According to a recent Thomson Reuters poll, consolidating and gathering tax-related data requires the most effort during the compliance process (with 44 percent of respondents indicating as such).  Other areas of focus for tax departments include. Read press release.Read More