On August 21, 2015, the Treasurer of Australia announced that beginning July 1, 2017, Australia will likely require most foreign vendors to collect the goods and services tax on all goods and services sold online to Australian customers.
The New Jersey Tax Court recently addressed whether the adoption of New Jersey?s related party expense disallowance statute in 2002 exempted the recipient of royalty income from filing a Corporation Business Tax return.
On August 12, 2015, the Commission to Consider Alternatives to Transform Consumption Taxes created by Act No. 72 published its report on whether excise taxes should be imposed instead of a value added tax.
On August 10, 2015, the Vermont Department of Taxes released a statement clarifying the timeline under which it will implement the state?s click-through nexus law if it is determined to become effective.
The South Dakota Supreme Court recently addressed whether a pipeline company that transported natural gas for others was liable for use tax on the value of the gas that was burned during the transportation process.
On July 31 2015, the Governor of Illinois signed into law a measure that allows retailers to deduct certain bad debts from the amount of Retailer?s Occupation Tax required to be remitted to the Department of Revenue.
In the latest decision addressing the availability of the Multistate Tax Compact?s three-factor apportionment election, a Texas appeals court ruled that the election was not allowed in computing Texas franchise tax liability.