Tag: US Congress

President Trump calls for action on tax reform and other priorities

Michaela MerzLeave a comment

In brief

In his first address to a joint session of Congress, President Donald Trump called for action on tax reform to “restart the engine of the American economy – making it easier for companies to do business in the United States and much harder for companies to leave.” While offering few details, President Trump said that his economic team is “developing historic tax reform that will reduce the tax rate on our companies so that they can compete and thrive anywhere and with anyone.” Read More »

USA – Market Place Fairness Act – update

Michaela MerzLeave a comment

The Senate of the US Congress has passed the Market Place Fairness Act  on 6 May with bi-partisan support by a vote of 69 to 27. The legislation is meant to put online vendors on equal standing with “brick and mortar” stores in regard to tax collection. Currently most of the online vendors do not charge sales tax unless they have some sort of physical presence (i.e. “nexus”) in the state where they are selling to,Read More »