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No More Loopholes: Amazon officially collects sales tax in every state that requires it.

No More Loopholes: Amazon officially collects sales tax in every state that requires it. But why?

March 24, 2017, 2:15 pm EDT in Blog, Enterprise Sales Tax

Amazon sellers will now have to collect and remit sales tax in every state in which it is required. What are the business implications?Amazon completed its 180-degree turn on sales tax policy this week, agreeing to voluntarily collect sales and use tax in every state that imposes such requirements. While...

ZEDRA turns to Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

ZEDRA turns to Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

March 22, 2017, 3:00 am EDT in AEOI Reporting, Blog

ZEDRA, a fast growing trust, corporate and fund service provider, has turned to Sovos to help file tax reports in multiple jurisdictions.The company must file tax reports in ten jurisdictions before the end of the 2017 Tax Reporting season. Based on its first FATCA filing experience, ZEDRA recognised that its...

Agencia Tributaria - Spain Tax Authority

Total Control: Three Ways Global Tax Administrations Are Cracking Down on VAT Liability (Part I: Spain)

March 21, 2017, 12:00 pm EDT in Blog, Value-Added Tax

In part I of this three-part blog series, we examine how Spain is implementing electronic invoicing to better control the VAT return process.Over the course of the last decade, there has been a huge shift in the way countries collect value-added tax (VAT). Tax revenue agencies are no longer waiting...

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Republicans Mount Opposition to Proposed Legislation

March 20, 2017, 7:00 am EDT in Affordable Care Act, Blog

The eventual fate of the American Health Care Act remains uncertain one week after its release. Conservative and moderate Republicans alike have expressed opposition to the bill, indicating the eventual legislation passed into law will likely be significantly different from last week’s proposal.Members of Congress do not seem particularly...

Automatic Exchange of Information (AEOI) Updates

AEOI Updates: Feb. 23 – March 9

March 10, 2017, 12:00 pm EDT in AEOI Reporting, Blog

Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations and updates across the globe and publishes them in our Taxport Compass tool. Here are some important changes that occurred in recent weeks: Hong...

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Employer Mandate on Life Support

March 10, 2017, 8:30 am EDT in Affordable Care Act, Blog

The fate of the Affordable Care Act employer mandate is becoming clear. Proposed ACA replacement legislation released Monday, entitled the American Health Care Act, aims to dismantle the employer mandate by zeroing out the associated penalties. Despite this, the AHCA maintains both employer and insurer reporting requirements.The employer mandate...