Tax Foundation

Andrew Peller Limited Announces Five New Directors and Provides Update on Leadership Continuity and Transition Plan

Retrieved on: 
Friday, February 9, 2024
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John Peller and A. Angus Peller will continue to serve as directors to ensure continuity for a transition period of 12 months.

Key Points: 
  • John Peller and A. Angus Peller will continue to serve as directors to ensure continuity for a transition period of 12 months.
  • As previously announced, John Peller will be retiring as President and Chief Executive Officer of the Company within the next year upon the appointment of his successor.
  • For almost 30 years, John Peller has led APL as Chief Executive Officer and has been the driving force behind the Company’s growth and success.
  • Mr. Westlake has also served as Chair of the Canadian Chamber of Commerce and Chair of the Canadian Bankers Association.

Vertex 2023 Mid-Year Sales Tax Rates and Rules Report: New District Rate Changes Soared During First Half of 2023

Retrieved on: 
Thursday, July 13, 2023
Pressure, Vertex, Policy, Calendar, Tax, Tax exemption, Tax Foundation, Organization, Holiday, Paper, City, Glass, Legislation, Cryptocurrency, Life insurance

During the first half of 2022, there were a total of 302 new sales taxes and tax rate changes at the state, county, city and district levels.

Key Points: 
  • During the first half of 2022, there were a total of 302 new sales taxes and tax rate changes at the state, county, city and district levels.
  • A large increase in district-level sales tax rate changes —148 so far this year vs. 37 in the first half of 2022.
  • The volume of these changes complicates tax compliance activities for the sales and use tax community.
  • There are myriad reasons why state and local government organizations have been increasingly relying on sales tax to fund ongoing operations.

Minister of Justice and Attorney General of Canada announces a judicial appointment to the Federal Court of Appeal

Retrieved on: 
Friday, June 23, 2023
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The Honourable Monica Biringer, a Judge of the Tax Court of Canada, is appointed a Judge of the Federal Court of Appeal.

Key Points: 
  • The Honourable Monica Biringer, a Judge of the Tax Court of Canada, is appointed a Judge of the Federal Court of Appeal.
  • I am confident she will serve Canadians well as a member of the Federal Court of Appeal."
  • At the time of her appointment to the Tax Court of Canada, Justice Biringer was practising tax law at Osler, Hoskin & Harcourt LLP.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Segal GCSE's celebrated Tax Series for Accountants returns

Retrieved on: 
Thursday, May 18, 2023
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TORONTO, May 18, 2023 /CNW/ - Segal GCSE is proud to present the 2023/24 Tax Series for Accountants, featuring Tax Partner Howard Wasserman.

Key Points: 
  • TORONTO, May 18, 2023 /CNW/ - Segal GCSE is proud to present the 2023/24 Tax Series for Accountants, featuring Tax Partner Howard Wasserman.
  • Covering a wide scope of tax, financial and business matters, these seminars enable tax professionals to gain critical knowledge and insight, empowering them to provide even greater value to clients.
  • Practical solutions are at the heart of the Tax Series for Accountants – and this applies to both the way topics are explored and the broader need this series addresses.
  • As always, the Segal GCSE Tax Series for Accountants will include real-time Q&As, offering participants the chance to ask questions during each session on a specific topic of interest.

Vertex 2022 Sales Tax Rates and Rules Report: Decline in Rate Changes Belies Increases Across Most Jurisdictions

Retrieved on: 
Tuesday, January 24, 2023
Policy, National League, Wayfair, Tax, Tax Foundation, Vertex, Small business, Generational accounting, Congress, Government, Federal, Commercial, Sale, COVID, NLC, US General Accounting Office Building, National League of Cities, United States Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth, Probability, Income tax, GAO, Headache, Research, Life insurance, Renewable energy

The overall number of sales tax rates and rules changes appears to have reached the lowest level in eight years with 542 changes at the state, county, city and district levels.

Key Points: 
  • The overall number of sales tax rates and rules changes appears to have reached the lowest level in eight years with 542 changes at the state, county, city and district levels.
  • Even though fewer districts were created in 2022, the increases to existing district tax rates outnumbered decreases by a ratio of three to one.
  • State legislature activity and 2022 ballot initiatives showed a growing desire to limit income tax rate increases, in some cases, lowering income tax rates and reducing property taxes.
  • For the Vertex End-of-Year Sales Tax Rates and Rules Report for 2022, click here .

Missouri Business Tax Climate Remains Among Best in the Nation

Retrieved on: 
Tuesday, November 22, 2022
Tax Foundation, Insurance, Research, Multimedia, Investment, Map, Meta, Income tax, Life insurance, Drug, Index

WASHINGTON, Nov. 22, 2022 /PRNewswire/ -- Missouri steadily remains one of the best overall states for business taxes in the country and a top contender in the Midwest earning a spot in the top 15 states for the fourth consecutive year, according to Tax Foundation's 2023 State Business Tax Index.

Key Points: 
  • WASHINGTON, Nov. 22, 2022 /PRNewswire/ -- Missouri steadily remains one of the best overall states for business taxes in the country and a top contender in the Midwest earning a spot in the top 15 states for the fourth consecutive year, according to Tax Foundation's 2023 State Business Tax Index.
  • Determined by five components individual income tax, sales tax, corporate income tax, property tax, and unemployment insurance tax the Index enables business leaders, government policymakers and taxpayers to compare their states' tax systems to the rest of the country.
  • The ranking placed Missouri within the top four states for corporate tax index and unemployment insurance index and 7th best overall in property tax rank.
  • The Tax Foundation, a non-partisan research think tank based in Washington, D.C., is the nation's leading independent tax policy research organization.

NuggMD Now Offers Marijuana Telemedicine Service to 200M Americans with West Virginia Expansion

Retrieved on: 
Thursday, August 18, 2022
Medical cannabis, CEO, MS, Cancer, Patient, CMO, Timeline of cannabis laws in the United States, Tax Foundation, Cannabis, Tax, COO, Seizure, Physician, PTSD, Drug, Hospital, Medicine

 MORGANTOWN, W.Va., Aug. 18, 2022 /PRNewswire/ -- NuggMD, the nation's leading medical marijuana telemedicine platform, is launching its service in West Virginia for just $139. Since its founding in 2015, NuggMD has connected over 1,000,000 patients to their medical marijuana physicians in California, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Texas, and Virginia. West Virginia now marks the 19th state NuggMD services, providing coverage to 58% of Americans.

Key Points: 
  • MORGANTOWN, W.Va., Aug. 18, 2022 /PRNewswire/ -- NuggMD , the nation's leading medical marijuana telemedicine platform, is launching its service in West Virginia for just $139.
  • West Virginia now marks the 19th state NuggMD services, providing coverage to 58% of Americans.
  • "Medical marijuana has been legal in West Virginia for five years," says Kam Babazade, COO and Co-founder of NuggMD.
  • They've connected over 1,000,000 patients face-to-face with their new medical marijuana doctors via their state-of-the-art telemedicine platform.

Meta Selects Missouri For New $800 Million Data Center

Retrieved on: 
Thursday, March 24, 2022
USDA, Risk, Organization, BNIM, Turner Construction, Economic development, Growth, North Kansas City School District, City, Black & Veatch, Community, Metropolitan Community College, Cowden, Lists of disasters, Economic development corporation, Smithville School District, Kimley-Horn and Associates, Inc., KC, CEO, Veterans United Home Loans, Workforce, Building & Construction Trades Council v. Associated Builders & Contractors of Massachusetts/Rhode Island, Inc., Missouri Department of Social Services, Union Station, Technology, Industry, Metropolitan, Tax Foundation, P.C, Facebook, Casey's, Economy, Meta, Missouri Department of Economic Development, Renewable energy, Sex industry, Coffee, Drug, Amazon, Kansas City metropolitan area, Evergy, Olsson

KANSAS CITY, Mo., March 24, 2022 /PRNewswire/ --Meta, formerly known as the Facebook company, is building its newest hyperscale data center in Kansas City, Missouri.

Key Points: 
  • KANSAS CITY, Mo., March 24, 2022 /PRNewswire/ --Meta, formerly known as the Facebook company, is building its newest hyperscale data center in Kansas City, Missouri.
  • This unprecedented investment signals Missouri is open for business, and that our state is a prime destination for high-tech leaders and innovators alike."
  • The new data center is the first of its kind in Missouri.
  • Meta is investing more than $800 million and supporting up to 100 jobs in the region.

Study: Tax Up for a Vote in November Would Ensnare Over Three Times More Taxpayers Than Previously Estimated

Retrieved on: 
Tuesday, January 18, 2022
Income, Tufts University, Health, Retirement, Tax Foundation, Government, Center, Pioneer Institute, Pioneer, Time, Kennedy School, Massachusetts Department of Transportation, Education, Harvard College, The Fletcher School at Tufts University, MIT, Sale, Commonwealth, Representative, MIT Sloan School of Management, Patent, Transport, IRS, Health insurance, Online gambling, Insurance, Management

In studying the effect of the proposed tax, MADOR found that 19,565 households and businesses would be impacted in the single year the tax took effect.

Key Points: 
  • In studying the effect of the proposed tax, MADOR found that 19,565 households and businesses would be impacted in the single year the tax took effect.
  • MADOR and Tufts' analyses focus on the impact in a single year and are therefore premised on a fundamental misunderstanding of the households and businesses affected by the tax.
  • If the same persistence rate is applied to Massachusetts, the surtax would affect 64,843 state taxpayers not 19,565 over nine years.
  • Because the tax proposal affects capital gains, it could sweep into thousands of retirees selling longtime homes and long-held assets.