Indirect tax compliance in the US is not limited to filing and remitting monthly regular sales and use tax returns, argues Leah Durner of KPMG. Businesses across all industries must comply with a variety of taxes, fees, licences and regulations at the federal, state, and local level.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two