Foreign-Owned Companies Bolster U.S. Economy with Record Employment and Investment

The United States economy experienced a significant boost in 2023 from the operations of majority-owned U.S. affiliates of foreign multinational enterprises (MNEs), with these entities employing a record 8.66 million…

U.S. Current-Account Deficit Narrows in Third Quarter 2025 Driven by Primary Income Surplus and Services Growth

Washington D.C. – The United States experienced a significant narrowing of its current-account deficit in the third quarter of 2025, shrinking by $22.8 billion, or 9.2 percent, to $226.4 billion.…

U.S. International Investment Position Widens to a Net Deficit of $27.61 Trillion in Q3 2025

The United States recorded a significant widening of its net international investment position, reporting a deficit of $27.61 trillion at the close of the third quarter of 2025. This figure,…

Essential Sales Tax Compliance Strategies and Regulatory Updates for the 2026 Fiscal Year

As the global economy moves into the first quarter of 2026, corporate accounting departments and e-commerce retailers face an increasingly complex regulatory environment characterized by shifting nexus thresholds, legislative changes…

Nationwide Economic Growth Accelerates in Q3 2025, Driven by Key Industries and Strong Personal Income Gains

The U.S. Bureau of Economic Analysis (BEA) has unveiled its comprehensive third-quarter 2025 economic report, detailing a robust expansion across all 50 states and the District of Columbia. The data,…

March 2026 Sales Tax Due Dates: A Comprehensive Guide for E-commerce Compliance and State Regulations

March 2026 represents a critical juncture for online retailers, multi-state corporations, and small business owners as they navigate the complexities of state-level tax compliance. This month is particularly significant in…

County Economies Show Mixed Growth in 2024, With Significant Regional Disparities

The U.S. Bureau of Economic Analysis (BEA) has released its latest estimates of county-level Gross Domestic Product (GDP) and personal income for 2024, revealing a complex economic landscape across the…

The Death of the Vendor Discount States Eliminate Sales Tax Collection Allowances as Budget Pressures Mount

For nearly a century, a quiet agreement has existed between state governments and the private sector: businesses would act as the primary agents for calculating, collecting, and remitting sales tax…

The U.S. Bureau of Economic Analysis Releases Comprehensive 2024 State-Level Economic Data

Washington D.C. – The U.S. Bureau of Economic Analysis (BEA) today unveiled its comprehensive annual statistics for 2024, offering a detailed look at real personal consumption expenditures (PCE), real personal…

U.S. Economy Sputters in Q4 2025 with Revised 0.7% GDP Growth Amidst Government Shutdown Disruptions

The U.S. economy experienced a significant slowdown in the fourth quarter of 2025, with real gross domestic product (GDP) expanding at an annualized rate of just 0.7 percent. This revised…