Taxware’s own Charles Maniace and Matthew S. Walsh are interviewed for the article along with J. Craig Shearman, of the National Retail Foundation. Today.com/money featured an article by Krystina Gustafson of CNBC, “Sales Tax Breaks Boost Back-to-School Shoppers’ Spending Power.” The article discusses the popularity of back-to-school sales tax holidays, their popularity with consumers and their impact on economic growth. Excerpts from the article include: Seventeen states, mainly in the South and East, will hold sales tax holidays this year, with each state offering its own criteria for qualifying purchases. […] Despite these complexities, Charles Maniace, director of tax research at Taxware, a software provider that works with a number of top U.S. retailers to ensure their point-of-sales systems are compliant, said consumers are well-versed in the deals offered by their state. “If they’re going shopping, they absolutely know what the rules are and they will hold retailers [accountable],” he said. And, in discussing how Governments make up lost revenue, Matthew S. Walsh, vice president of tax research at Taxware, said there’s also a belief that people who are out shopping spend more by dining out, and that states receive higher income taxes from people working extra hours to accommodate the increase in traffic. View the entire article “Sales Tax Breaks Boost Back-to-School Shoppers’ Spending Power” as posted on Today.com/money. Have questions about sales tax rules? Ask a Taxware Expert today. Need to interview an expert on Sales and Use Taxes? Contact Shae Givens of Taxware to discuss how the Taxware Research team could contribute to your news article or industry paper.
Today.com Features Taxware on Sales Tax Holidays
Sovos
July 23, 2014
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Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes.
More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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