Financial advisors might want to start reviewing tax strategies for clients: Across the U.S., there were 97 increases in state sales and use taxes, 96 new taxes and nine decreases in the third quarter of the year, according to a new report.
Thomson Reuters’ latest ONESOURCE Indirect Tax report found that in Q3 2011, there were a total of 202 changes in the U.S. Of those changes, 96% were rate increases or new taxes. There have been a total of 548 U.S. sales tax changes so far this year.
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