State sales tax rates hit historic high

Although the implementation of new district taxes is beginning to level off, state and local rates are at an all-time high, according to a new report, and more of today’s top stories.

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State sales tax rates hit historic high

Many jurisdictions are increasing rates 'at an impressive clip,' according to the Vertex Mid-Year Report.

In other news today:

AICPA demands IRS pick up the phone faster for tax pros

The institute wants the Internal Revenue Service to address 'plummeting' service levels on its so-called Practitioner Priority Service and make fixes.

ACCA recommends universality for sustainability standards

The Association of Chartered Certified Accountants wants Europe to fall in with the ISSB.

'Cross-chain bridges' make illicit crypto harder to track

The growing use of cross-chain bridges — services that can transfer cryptocurrency from one blockchain to another — has made it more difficult to track virtual currency, particularly in cases of money laundering.

IRS looks for senior official to help run appeals office

The Internal Revenue Service is searching for a new deputy chief of its Independent Office of Appeals to help manage and develop the office.

States slash taxes most in decades on big budget surpluses

More than half of U.S. states are using record budget surpluses to fund their biggest collective tax break in decades.