Tax & Accounting Blog

Senate Panel Passes Sales Tax Credit in Washington

Senate Panel Passes Sales Tax Credit in Washington

The Washington Senate Finance Committee has passed a measure that could extend state and local sales tax deductions for people in Washington.  This is part of legislation that would renew tax breaks for businesses within the state. The sales tax deduction for residents of Washington and other states without income taxes is currently being supported by Senator … Read More

onesource

City Council to Clarify Language of Sales Taxes

Jeff Hancock, the City Manager of McCook Nebraska, aims to clarify the ballot language of two sales taxes during tonight’s McCook City Council meeting at Memorial Auditorium. Hancock released a City Manager Newsletter Friday that he will attempt to put the explanation in writing and provide councilors with some options to assist in the funding of the city’s much needed … Read More

The Mayor of Sacremento Does not Support a Sales Tax Increase

The Mayor of Sacremento Does not Support a Sales Tax Increase

Former NBA point guard and current Sacramento Mayor, Kevin Johnson, is dead set against the idea of increasing the city’s sales and use tax rates.  He volunteered to author the opposition argument against the proposed half-cent sales tax increase, which will be included on the November ballot.  If the tax passed it would match Galt for the highest rate … Read More

Thomson Reuters Report: Number of Global Indirect Tax Changes Nearly Quadrupled in Q2, Increasing Taxes on Consumers and Administrative Burden on Business

Thomson Reuters Report: Number of Global Indirect Tax Changes Nearly Quadrupled in Q2, Increasing Taxes on Consumers and Administrative Burden on Business

Worldwide, there were 379 percent more indirect tax changes in the second quarter of 2012 than there were during the same period in 2011, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. There were 1,025 tax code changes in Q2 2012, compared with 270 in Q2 2011. This includes 109 indirect … Read More