Michael Bernard, Vertex Chief Tax Officer, discusses the rising sales tax rates and new tax introductions by local governments with Accounting Today.
The article discusses the significant rise in city and local sales taxes during the first half of 2024, highlighting a year-over-year increase. Michael Bernard, Chief Tax Officer at Vertex, is quoted discussing the implications of these tax hikes and the potential strain they may place on both businesses and consumers. The piece reflects concerns over how these changes might impact the broader economy and the operations of businesses that need to navigate the evolving tax landscape.
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