 In March of 2008, Myrtle Beach, South Carolina, implemented a 1% sales tax intended for the promotion of tourism and to subsidize property taxes. Despite strong opposition from the governor and many locals, the privately ran Chamber of Commerce passed the tax anyways without a vote, but put a 10 ...
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Controversy Over Myrtle Beach Tourism Sales Tax
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 18, 2012
KPMG and Thomson Reuters Share Forum: May 22, 2012 (Nashville, TN)
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 17, 2012
Please join professionals from KPMG LLP and Thomson Reuters for a share forum addressing how to control your company’s transaction tax process through the effective use of technology. Date: Tuesday, May 22, 2012 Location: KPMG LLP - Nashville Office 401 Commerce Street Nashville, TN 37219 Time:        1:00 p.m. - 1:30 p.m. - Registration 1:30 p.m. - 5:00 p.m. ...
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Join Thomson Reuters and General Electric at 2012 ACT Conference
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on May 17, 2012
Thomson Reuters and GE will be hosting a session at the 2012 ACT Conference on how to achieve global tax support by consolidating your company's VAT determination, reporting, and compliance processes. Session Information: Title: Combine VAT Determination and Tax Compliance to Achive Global Tax Support Wednesday May 23, 2012 3:00pm - 4:15pm Walt Disney World ...
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Virginia Sales Tax Holiday Set Tor Next Week
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 17, 2012
 For the fifth straight year, Virginia shoppers will be allowed to purchase hurricane related supplies free from state and local sales taxes beginning later next week. The Hurricane Preparedness Tax Holiday runs from Friday, May 25th through the 31st, and includes items such as water bottles, tarps, and batteries on ...
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Massachusetts House Votes Down Meals Tax Holiday
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 16, 2012
 On April 23rd, the Massachusetts House of Representatives voted to reject a budget amendment that would have allowed for a Meals Tax Holiday in the state from October 7th - 12th. Should this amendment have passed, diners would have the opportunity to save 6.25% on their purchases at restaurants throughout ...
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Texas Energy Star Tax Holiday Begins This Month
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 15, 2012
 Texas will once again be participating in their annual Energy Star Sales Tax Holiday from Saturday, May 26th though Monday the 28th. During this particular weekend, big ticket items such as refrigerators and washers with an Energy Star rating are free from the 6.25% state sales tax. Other states that ...
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Tennessee Grocery Tax Reduced
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 14, 2012
 Beginning July 1, Tennessee will see a reduction in their grocery sales tax from 5.5% down to 5.25%. This cut, which was passed by the General Assembly last month and figures to save your average consumer about $3.40 a year, will cost the state about $22 million in revenue over ...
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Webinar: Ensuring VAT Compliance in the Global Marketplace:Reducing Audit Risks and Improving Process Efficiency
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on May 10, 2012
Join Thomson Reuters and Aberdeen Group  for a special webcast to uncover processes and supporting technologies that allow successful global indirect tax management. Doing business in a global market has its share of challenges. Ensuring proper value-added tax (VAT) registration and management is one that should not be overlooked. Effective VAT management ...
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Colorado Sales Tax Holiday Bill Moving Quietly Along
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 9, 2012
A Tax Holiday bill that recently passed in the Colorado House has rolled through a Senate panel despite skepticism on both sides. Should the final bill eventually come to pass, Colorado would join 16 other states that exempt the purchases of school related items, as well as other purchases, from ...
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Petersburg, Alaska Has Its’ First Tax Free Day
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on May 8, 2012
In a bill passed by the city council last October, the city of Petersburg allows for up to two Tax Free Days a year, chosen by the Chamber of Commerce, which gives shoppers a 6 percent savings on their purchases for a one day period. The first ever Tax Free ...
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The middle month of Q2 2012 brings only a few changes. We are expecting quite a bit of new levies and changes effective Q3 with state legislative sessions picking up steam. Some of the changes effective in May include: New Levies Illinois: Burr Ridge 1.0% (food & beverage) Rate Changes Alabama: Cullman County 4.5% Tennessee: ...
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Global Indirect Tax Burden Eases in Q1, According to Thomson Reuters ONESOURCE Report
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on April 27, 2012
There were 30 percent fewer indirect tax increases reported globally in the first quarter of 2012 than there were during the same period in 2011, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. The number of indirect tax increases declined from 154 in Q1 2011 to 107 ...
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A Simpler Way to Keep Track of Indirect Tax
Indirect Tax, ONESOURCE, Sales and Use Tax 1 CommentPosted on April 25, 2012
Indirect tax – which encompasses consumption, transaction, value-added, and sales and use taxes – can cost businesses thousands of dollars to manage each year. Though keeping track of indirect tax is a legal obligation, staying on top of constantly changing tax rates and rules can be overwhelming. Additionally, if it ...
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Thomson Reuters Announces ONESOURCE Indirect Tax Integration for Oracle 12 Inventory Movement
Indirect Tax, ONESOURCE, Sales and Use Tax 0 CommentPosted on April 24, 2012
Thomson Reuters today announced ONESOURCE Indirect Tax Integration for Oracle 12 Inventory Movement. Building on the company’s Gold level membership in the Oracle PartnerNetwork (OPN), the latest integration reduces the risk from audit penalties resulting from changes in inventory usage. For example, components initially purchased for inclusion in manufactured goods often ...
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