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