Tax & Accounting Blog

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

France – Second Amending Finance Law for 2012 adopted by Council of Ministers

France – Second Amending Finance Law for 2012 adopted by Council of Ministers

Legislation is currently being discussed by the French Parliament that would reverse the previously planned VAT rise. The Second Amending Finance Bill for 2012, which was adopted by the Council of Ministers on 4 July 2012, is scheduled for parliamentary discussion on 16 July 2012. If the Bill passes, the previously planned increase of the standard VAT … Read More

SAP EcoHub Webinar featuring The Dow Chemical Company – Save Time, Money, and Sanity with a Simpler Way to Keep Track of Indirect Tax

SAP EcoHub Webinar featuring The Dow Chemical Company – Save Time, Money, and Sanity with a Simpler Way to Keep Track of Indirect Tax

As a worldwide industry leader, The Dow Chemical Company connects chemistry and innovation to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow has also figured out how to determine, calculate, and record its transaction taxes using SAP software to … Read More