article thumbnail

What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

Sales 130
article thumbnail

5 tips for managing U.S. sales tax from overseas

TaxConnex

It also offers complex sales tax obligations you may not know about. If you sell in Europe, you know about the value-added tax (VAT) on online sales, which is applied at each stage of the supply chain and with rates generally applied at a country level and exceptions on certain products. has taxes on sales too – a lot of them.

Sales 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What was new in October for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee. Back to court.

Sales 130
article thumbnail

How the 50 States Rank By Lifetime Taxes

CPA Practice

Oregon $1,461,612 $521,500 35.7% Louisiana $1,318,458 $358,611 27.2% Oregon $1,461,612 $521,500 35.7% Louisiana $1,318,458 $358,611 27.2% The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime. Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

article thumbnail

How the 50 States Rank By Tax Burden

CPA Practice

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

article thumbnail

How the 50 States Rank By Tax Burden

CPA Practice

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

article thumbnail

More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax, physical and economic nexus tax, franchise tax, and gross income tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.