Ill. Adopts New Sales Tax Rules

Law360, New York (January 22, 2014, 6:40 PM EST) -- The Illinois Department of Revenue on Wednesday released new rules on how retailers should go about collecting and distributing sales taxes, clearing up confusion caused by a recent decision by the state's high court that regulators said created a gap in the old taxing regime.

Generally, the new rules require companies to pay sales taxes in the community where the majority of their business activities occur. The Department of Revenue filed emergency rules will be in effect for 150 days, unless they are overturned by an...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.