Tax & Accounting Blog

Switzerland: Plans to Reform VAT Moving Forward

Switzerland: Plans to Reform VAT Moving Forward

Switzerland is moving forward with plans to reform its VAT system. The Swiss Federal Council (the executive) recently responded with a “complementary message” to the mandate given to it by the Swiss National Council (the lower house of parliament), requesting that plans be drawn up for a new VAT model consisting of two tax rates rather than … Read More

New Brunswick: Possible Referendum to Increase HST

New Brunswick: Possible Referendum to Increase HST

Following a recent announcement that the government won’t be able to meet a promise to balance the provincial budget by next year, Premier David Alward has publicly stated that a referendum to increase the HST is possible before the next election in 2014.   The current rate of HST in the province is 13%. It has not been announced yet … Read More

Products Labeled as Little or Small Cigars Considered Cigarettes for Tax Purposes in California

Products Labeled as Little or Small Cigars Considered Cigarettes for Tax Purposes in California

In California, products that are labeled as little or small cigars are considered cigarettes under the California Cigarette and Tobacco Products Tax Law and require cigarette tax stamps. Every package labeled as little or small cigars must have a cigarette stamp applied to the packaging by the distributor. Failure of the distributor to do so … Read More