Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on some multinational companies creates the potential for double taxation for some insurance companies, according to a comment from AM Best. The Organization for Economic Co-operation and Development (OECD) announced on October 8, 2021Read More →
Halloween shoppers have many delicious decisions to make before candy treats show up on their doorstep. And in many states, those choices will change the amount of taxes they pay. In Illinois, for example, residents pay a higher state sales tax rate on peanut butter cups, gummy worms, and Hershey’sRead More →
(The Center Square) – Tourism spending in Tennessee fell in 2020 for the first time in 10 years, according to data from the US Travel Association and Tourism Economics. Tourism spending in Tennessee fell 31.6%, less than the 42% drop nationwide. Within that drop, there was a 78.7% drop inRead More →
Tourism in Tennessee generated $ 16.8 billion in domestic and international travel spending in 2020, down 31.6% from the previous year, according to new data on the economic impact of the US Travel Association and Tourism Economics. Travel to Tennessee has generated nearly 150,000 jobs and $ 1.4 billion inRead More →
(The Center Square) – On the day Brad Paisley performed in front of a huge crowd in downtown Nashville to celebrate July 4th, he also joined Tennessee Gov. Bill Lee in launching a new tourism campaign, “Tennessee on me. “ The promotion, which the Tennessee Department of Tourism Development saidRead More →
This week kicks off National Travel and Tourism Week (NTTW), an annual celebration of the contributions of the US travel industry. As Tennessee’s # 2 industry, the Tennessee Department of Tourism Development and partners across the state will come together to recognize the “power of travel” and the industry’s vitalRead More →
NASHVILLE, Oct 12, 2020 (GLOBE NEWSWIRE) – The Tennessee Department of Tourism Development is entering its busiest travel season with a new campaign to protect the health of visitors and residents. The “For the Love of Tennessee, Travel Safe” initiative reminds residents to play – but play safe – exploringRead More →
There is often confusion among taxpayers regarding Tennessee’s “truthful tax” and “certified tax rate” laws. Laws require appraisers to certify the “full assessed value” of taxable property, new construction and improvements not shown on the previous tax roll and removals from the tax roll in jurisdiction to the governing bodyRead More →
The 2020 Tennessee Vacation Guide has three distinct covers that showcase the scenic beauty across the state Nashville, Tennessee – The Tennessee Department of Tourism Development has released its official 2020 Tennessee vacation guide. For the first time, the guide features three distinct covers that showcase the state’s expanse ofRead More →
NASHVILLE, Tennessee (AP) – State officials say a record $ 20.8 billion was spent on tourism in Tennessee last year, a 6.3% increase from to 2016. Gov. Bill Haslam revealed on Tuesday that Tennessee generated $ 1.8 billion in state and local tourism tax revenue, a 7.6% increase from 2016.Read More →
As the state will become exempt from personal income tax by 2022, other taxes need to be reviewed or updated. Tennessee residents voted overwhelmingly in 2014 to ban the state government from again levying a citizen income tax. By a margin of 2 to 1 – 882,926 yes to 450,522Read More →