Tax & Accounting Blog

Missouri Transportation Tax Struck Down

Missouri Transportation Tax Struck Down

The state of Missouri voted down Amendment 7 which would have increased  the sales and use tax by 0.75% to help fund transportation projects. The transportation projects would have involved work on state and local highways, and bridges as well as on unsafe infrastructure. It was estimated that Amendment 7 would have raised $480 million annually over … Read More

Brazil FTZ Extended to 2073

Brazil FTZ Extended to 2073

On Tuesday of last week, the camera of deputies of the Brazilian federal senate enacted Emenda Constitucional 83, which extends the constitutional term allowed to the Zona Franca de Manaus (Free Trade Zone of Manaus) until the year 2073. This program has operated since before the federal constitution of 1988 with the intent to develop … Read More

Sales Tax Burden Holds Steady for U.S. Consumers and Businesses in Q2 2014

Sales Tax Burden Holds Steady for U.S. Consumers and Businesses in Q2 2014

New York – The U.S. sales tax burden was unchanged in the second quarter of 2014, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. “We are clearly in the midst of a stabilizing trend for domestic tax rates,” said Bernadette Sablan, Director of Tax Research and Content at Thomson … Read More

July 2014 International Indirect Tax Update

July 2014 International Indirect Tax Update

The month of July saw many changes across several countries. The following is a list of those countries and the specifics behind each change. Canada – Multiple Provinces EPRA has announced that environmental handling fees will be updated in several provinces effective 1 October 2014. Czech Republic The emerging government coalition of the … Read More

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EU Council Issues Fiscal Policy Recommendations

The Council of the European Union issued recommendations and opinions on economic policy for 26 of the 28 Member States (excluding Cyprus and Greece) on 8 July, 2014. The recommendations were issued without discussion and close out the European Semester, the annual fiscal monitoring process. The recommendations largely follow the recommendations of … Read More