Tax & Accounting Blog

Global Indirect Tax Burden Eases in Q1, According to Thomson Reuters ONESOURCE Report

Global Indirect Tax Burden Eases in Q1, According to Thomson Reuters ONESOURCE Report

There were 30 percent fewer indirect tax increases reported globally in the first quarter of 2012 than there were during the same period in 2011, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. The number of indirect tax increases declined from 154 in Q1 2011 to 107 in Q1 2012. This … Read More

A Simpler Way to Keep Track of Indirect Tax

A Simpler Way to Keep Track of Indirect Tax

Indirect tax – which encompasses consumption, transaction, value-added, and sales and use taxes – can cost businesses thousands of dollars to manage each year. Though keeping track of indirect tax is a legal obligation, staying on top of constantly changing tax rates and rules can be overwhelming. Additionally, if it is done incorrectly, businesses risk … Read More

Thomson Reuters Announces ONESOURCE Indirect Tax Integration for Oracle 12 Inventory Movement

Thomson Reuters Announces ONESOURCE Indirect Tax Integration for Oracle 12 Inventory Movement

Thomson Reuters today announced ONESOURCE Indirect Tax Integration for Oracle 12 Inventory Movement. Building on the company’s Gold level membership in the Oracle PartnerNetwork (OPN), the latest integration reduces the risk from audit penalties resulting from changes in inventory usage. For example, components initially purchased for inclusion in manufactured goods often end up being used … Read More