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Latest Sales taxes in the United States Stories

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2011-03-21 11:04:27

With states scrambling to find ways to generate revenue, tax-free online shopping is becoming a target increasingly being focused in the crosshairs, reports the Associated Press (AP). Billions of dollars annually are bypassing the reach of state taxing agencies after the 1992 Supreme Court ruling prohibiting a state from forcing businesses to collect sales taxes when the store has no physical site located in that state. The exact amount of uncollected taxes from online sales is unknown but...

2011-03-10 14:15:00

Illinois Governor Has Leveled The Playing Field For Small Business WASHINGTON, March 10, 2011 /PRNewswire-USNewswire/ -- The Alliance for Main Street Fairness (AMSF) today released the following statement in response to Illinois Governor Pat Quinn signing HB 3659, legislation which will close the loophole that allows online-only retailers to avoid collecting the state sales tax in Illinois, placing the burden on consumers and severely hurting the state's small businesses in the process....

2011-03-10 08:15:00

SEATTLE, March 10, 2011 /PRNewswire/ -- FedTax, a private company committed to making it easy for online retailers to collect sales tax, today announced the appointment of Joan Wagnon as Executive Vice President. Ms. Wagnon brings more than twenty-five years of experience in government and financial services to the role. "We are honored to have Joan on our team," said R. David L. Campbell, Chief Executive Officer. "Joan's experience as secretary of revenue for the State of Kansas and...

2011-02-03 06:00:00

MEMPHIS, Tenn., Feb. 3, 2011 /PRNewswire/ -- International Paper (NYSE: IP) reported preliminary full-year 2010 net earnings attributable to common shareholders totaling $644 million ($1.48 per share) compared with $663 million ($1.55 per share) in full-year 2009. In the fourth quarter of 2010, the company reported net earnings of $316 million ($0.73 per share) compared with a net loss of $101 million ($0.24 per share) in the fourth quarter of 2009. Amounts in all periods include...

2011-01-05 12:50:00

State poised to enact legislation that has failed in other states WASHINGTON, Jan. 5, 2011 /PRNewswire-USNewswire/ -- The Illinois State Senate is on track to adopt a new tax provision that will reduce state tax revenue and harm small businesses, according to Washington D.C.-based NetChoice. Passage of the so called "Amazon Tax" included in Senate Amendment 3 to HB 3659 would require out-of-state retailers to collect Illinois sales tax if customers were referred by any website operated by...

2010-12-02 10:25:00

BATON ROUGE, La., Dec. 2, 2010 /PRNewswire/ -- Ryan, the leading tax services firm in North America, with the largest transaction tax practice in the United States and Canada, today announced that on November 10, 2010, the Louisiana Department of Revenue ("Department") issued Revenue Ruling No. 10-003 to clarify the taxability of oil or gas well completion and rework services, including hydraulic fracturing services. Hydraulic fracturing is the process of pumping thick fluid containing...

2010-09-01 09:00:00

SEATTLE, Sept. 1 /PRNewswire/ -- The Federal Tax Authority (FedTax.net) has launched an online petition for consumers and retailers to demonstrate support for the Main Street Fairness Act and its protection of anonymity on internet sales. The Main Street Fairness Act (H.R. 5660), currently before Congress, will modernize and simplify existing sales tax collection laws and therefore eliminate the need for states to enact reporting laws that may threaten consumer privacy. It also has the...

2010-08-09 12:54:00

RIVERWOODS, Ill., Aug. 9 /PRNewswire/ -- Consumer taxes for retail sales items, gas and cigarettes all continue to climb, according to CCH, a Wolters Kluwer business, a global leading provider of tax, accounting and audit information, software and services (CCHGroup.com). As part of its annual survey of consumption taxes, CCH takes a look at gasoline, cigarette and sales taxes. A national map of tax rates shows just how varied the rates are in each category across the United States, with...

2010-07-28 06:00:00

MEMPHIS, Tenn., July 28 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) today reported preliminary second-quarter 2010 net earnings attributable to common shareholders totaling $93 million ($0.21 per share) compared with a net loss of $162 million ($0.38 per share) in the first quarter of 2010 and net earnings of $136 million ($0.32 per share) in the second quarter of 2009. Amounts in all periods include special items. (Logo: http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO...

2010-07-02 13:39:00

SEATTLE, July 2 /PRNewswire/ -- The Federal Tax Authority (FedTax.net), a private company committed to making it easy for online merchants to collect sales tax, announces the launch of its TaxCloud(TM) sales tax calculation and remittance service. TaxCloud is free and easy to use, and it can be integrated with virtually any accounting or e-commerce shopping cart system. TaxCloud calculates the sales tax due on any purchase in any tax jurisdiction in the nation and stands ready to assist...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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