by taxPRO Websites Staff | Jan 15, 2020 | Tax Tips and News
Tax Policy – State and Local Sales Tax Rates, 2020
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five...
by taxPRO Websites Staff | Jan 14, 2020 | Tax Tips and News
Tax Policy – Gig Economy Workers Get Boost from New IRS Dedicated Tax Center
Last week, the Internal Revenue Service (IRS) launched the Gig Economy Tax Center aimed at helping gig economy participants understand and meet their tax obligations. This center...
by taxPRO Websites Staff | Jan 14, 2020 | Tax Tips and News
Tax Policy – How Controlled Foreign Corporation Rules Look Around the World: China
The Chinese Controlled Foreign Corporation (CFC) regime was adopted in 2008. CFC rules in China are not commonly enforced, and the government relies more on the application...
by taxPRO Websites Staff | Jan 13, 2020 | Tax Tips and News
Tax Policy – Massachusetts Should Create a More Neutral, Competitive Corporate Excise Tax
Several of Massachusetts’ largest employers have created a coalition to seek a change to Massachusetts’ corporate income apportionment formula. The coalition wants...
by taxPRO Websites Staff | Jan 9, 2020 | Tax Tips and News
Tax Policy – Proposal to Increase New York Beer Tax
Commercial brewing of beer has been part of New York state since 1632, when Dutch settlers opened the first brewery in Manhattan. The brewing tradition continued through the centuries, peaking in 1876...
by taxPRO Websites Staff | Jan 9, 2020 | Tax Tips and News
Tax Policy – 2020 VAT Rates in Europe
More than 140 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on purchases for consumption. As today’s tax map shows, although harmonized to some extent by the European Union (EU), EU...
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