Tax professionals have called on the UK government to reconsider its online sales tax as it would affect the economy at the worst time.
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Sponsored by Vertex IncPeter Boerhof of Vertex Inc explains why indirect tax functions need to redraw their boundaries to become a strategic asset to their businesses.
Sponsored by Vertex IncPeter Boerhof of Vertex Inc shares the results of a survey showing that businesses are increasingly turning to tax engines to eliminate errors and streamline operations.
Sponsored by Vertex IncOliver Froehlich, European e-commerce and marketplace channel lead at Vertex, explains the indirect tax obligations that are on the horizon as retailers transition to omnichannel operating.