The US Senate has passed a Bill that would allow states to require online merchants to collect and remit sales and use taxes on goods and services they sell, even when they have no physical presence in the state. If made law, the Bill could enable states to force foreign-domiciled sellers with only an economic presence in a state to also collect sales tax.
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Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal