When it comes to consumption taxes, the United States has always taken a different approach than the rest of the world. There is a proposal, however, that is currently sitting in the U.S. House that would upend the U.S. tax system and more closely align it with the rest of the world. While this bill is extremely unlikely to become law, it’s worth taking a moment to examine how tax compliance would radically change if the bill is enacted and the United States adopts a national sales tax.
Source: SOVOS
Latest Posts in "United States"
- Sales Tax Automation: Why Software Alone Can’t Ensure Complete Compliance and Risk Management
- Navigating the Ever-Changing Patchwork of U.S. Sales Tax Rates for E-Commerce Businesses
- Understanding Sales Tax Nexus: When Your Business Must Collect and Remit Across States
- South Carolina Rules Scaffolding Use by Insulation Contractors Is Not a Taxable Rental
- Juneau Approves Sales Tax Exemptions for Essential Foods and Residential Utilities
