World News: 17:00 GMT Monday 11th February 2019. [Wolters Kluwer Tax & Accounting via Businesswire via SPi World News]
Wolters Kluwer Tax & Accounting:
What: Selecting the perfect Valentine’s Day gift is always difficult, and taxes are unlikely to be the primary motivation behind the gift selected. Still, different states can treat the taxes on the same type of gift very differently.
Why: States do not impose sales taxes on all goods and services in a uniform manner or at a uniform rate. A few states do not impose sales taxes. Many states do not tax services. Many states have an exemption for taxes on food, but they often define what is included in the exemption very differently, especially with respect to candy. Here is a look at some popular Valentine’s Day gifts and some of those differences in the sales tax treatment.
Who: Carol Kokinis-Graves, JD, is an attorney and senior tax analyst for Wolters Kluwer Tax & Accounting, specializing in tracking, analyzing and reporting issues regarding state and local sales and use taxes. She is also an expert in e-commerce transactions involving state taxes.
Contact: To arrange interviews with Carol Kokinis-Graves or other tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact:
Business Wire: 17:00 GMT Monday 11th February 2019
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