In a recent post, I shared some suggestions from Jeff Moore, director of complex property tax with Thomson Reuters Tax and Accounting, about the steps tax directors should be taking right now to influence their organization’s property tax liability. Moore very kindly followed up with these additional action steps, which read almost like a Top 10 best practices list for effective corporate property tax management: more

How would you rate your organization’s performance in dealing with its sales-and-use tax obligations — best-in-class, industry average, or laggard? If you’re not sure, or you suspect you’re in that last category, you might want to take a look at a new report from Aberdeen Group that sets out to isolate the factors that distinguish the top performers from the so-so operations as well as from, let’s say, the seriously sales-and-use-tax challenged. more

As leaders of the G-20 nations gear up for a summit in Toronto this weekend, a “progressive” alliance of lawmakers in the European Parliament has unleashed the ultimate weapon in a bid to force Canada to sign on to proposals for a global financial transaction tax. The group has launched a “Twitterstorm” against Canadian prime minister Stephen Harper, a staunch opponent of the tax scheme, and is threatening to bombard him mercilessly with tweets until he capitulates. more

Jefferson Wells isn’t naming any names, but a cautionary tale included in a new advisory from the audit firm definitely has the ring of truth.

It started when an electronics firm wanted to move from a spreadsheet-based provision process to a new FAS 109 software package. more