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.
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Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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