Tax & Accounting Blog

Thomson Reuters Survey Reveals a 51 Percent Increase in Indirect Tax Resources

Thomson Reuters Survey Reveals a 51 Percent Increase in Indirect Tax Resources

A new Thomson Reuters survey finds a 51 percent increase in the resources global companies allocate to manage indirect tax compliance as compared to five years ago.  Concern over U.S. government’s need to raise revenue through taxes has prompted companies to optimize their indirect tax management function, with 88 percent claiming they are ready to … Read More

Bipartisan Senate Support For E-Fairness Tax

Bipartisan Senate Support For E-Fairness Tax

A month after drawing bipartisan support in the House, the Senate has also introduced legislation known as The Marketplace Fairness Act, which supporters say evens the playing field between traditional stores and online only retailers such as Amazon.  Currently, online retailers such as Amazon are granted the ability to forgo collecting state sales tax, which … Read More