Tax & Accounting Blog

Oklahoma Tax Collection Practices Under Debate

Oklahoma Tax Collection Practices Under Debate

An Oklahoma Think Tank, The Oklahoma Academy, is recommending the state reconsider how it collects taxes. The group is a statewide, private, nonpartisan research and catalyst organization that focuses on public policy issues that have a direct impact on the state. It develops policy and community recommendations through town hall conferences. The organization is making several … Read More

Venezuela Value Added Tax Increase

Last Friday, the Venezuelan National Assembly approved the “Enabling Law” (Ley Habilitante), which gives President Hugo Chavez dictatorial and legislative powers for 18 months. Chavez has announced that his government is currently revising the VAT law and due to the state of emergency in Venezuela a Value Added Tax increase is expected. Venezuela has one … Read More

Illinois to Offer Amnesty to Christmas Shoppers

Illinois to Offer Amnesty to Christmas Shoppers

Have you been nice and paid your sales taxes on the gifts you’ve purchased on-line this holiday season? If you’ve been naughty the State of Illinois has a gift of its own for you. Amnesty. Illinois will offer a sales/use tax amnesty program from January through October 15, 2011. Under legislation passed last year shoppers who purchased goods on-line, through the … Read More