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Greek officials have announced that the country will adopt a series of tax and economic measures in order to comply with fiscal targets agreed with its creditors. On negotiations held last month Greece and the representatives of the institutional creditors (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) agreed on … Read More
Small business owners go into business for all sorts of reasons. They may see an open opportunity in a market they know well, or they may want to work for themselves and have the freedom to do things their own way. They create businesses they’re passionate about, which in turn shape the character of towns … Read More
Most states and many local governments impose a surcharge on telephone subscribers in order to fund enhanced emergency assistance service, most commonly known as E911. E911 surcharges generally require service providers to charge the fee on monthly invoices to customers and source the fee to their customer’s service or billing address. Most E911 surcharges were first imposed … Read More
On April 12, 2016, Germany’s Federal Ministry of Finance issued a draft law that would implement the OECD Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) Reports (“MCAA”) that the government signed on to with 30 other countries on January 27, 2016. The MCAA describes the type of information to be … Read More
Next Earth Day may get a little greener in D.C., as a proposed bill would exempt sales of bicycles and bicycle-related products such as wheels, tires, locks, helmets, bicycle clothing, and accessories from sales tax annually on April 22. The bill may motivate residents to start commuting by bicycle or assist those who already cycle to upgrade … Read More
Earlier this week we told you about legislation passed by the Puerto Rico House of Representatives providing for the repeal of Puerto Rico’s upcoming June 1, 2016 transition to Value Added Tax (VAT). The Governor has threatened to veto that repeal. Additionally, VAT had been scheduled to take … Read More