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Tokyo, Sept. 11 (Jiji Press)--The Japanese restaurant industry on Thursday called on the government to take steps to help it weather possible impacts of a planned consumption tax cut for food. Japan currently imposes the 10 pct consumption tax on meals served at restaurants while setting the rate for food, including takeout, at 8 pct. The planned tax cut calls for lowering the rate for food ...
Bloomberg's Caitlin Reilly joins Michael McKee on "Bloomberg Real Yield." The expanded state and local tax deduction championed by New York lawmakers is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Michigan and Pennsylvania. (Source: Bloomberg)
Online sellers could be overlooking a key distinction that affects their tax obligations.