Vertex 2024 Mid-Year Sales Tax Rates and Rules Report Reveals Local Governments are Increasingly Dependent on Sales Tax Revenues
Vertex(VERX) Newsfilter·2024-07-25 20:00
The 2024 Mid-Year Sales Tax Rates and Rules report outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax compliance for businesses across the U.S. This is reflected by a 67% year-over-year increase in city-level sales tax rate changes. "The landscape of sales tax and indirect taxation continues to change rapidly, both domestically and globally," said Michael Bernard, Vertex Chief Tax Officer. "The ongoing trend of cities and districts leveraging ...