Tax & Accounting Blog

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