Vertex EOY Rules and Rates Report: Why Governments Embrace Transaction Taxes as a Consistent Source of Revenue

According to KPMG’s 3rd Annual Chief Tax Officer (CTO) 2022 Survey, 78% of tax leaders believe regulatory risk is the greatest threat to their organizations over the next three years with talent risk next at 52%.

This means corporate tax needs to expect continued transaction tax volatility. Transaction taxes figure as an increasingly effective and convenient revenue lever for state and local tax jurisdictions throughout the U.S., according to Vertex’s Year-End 2021 Sales Tax Rules and Rates Report.

Source: vertexinc.com

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