

Sale, rental or use of tangible personal property, including cigarettes, telecommunications services and certain fuel.

Currently this applies for all Barnstable County municipalities.īeginning July 1, 2019, for short-term rentals only, cities and towns are permitted to charge an additional community impact fee up to 3% if an operator has more than one property in that locality or is renting an owner-occupied 2 or 3 family house on a short-term rental basis. In Barnstable, Nantucket and Dukes Counties an additional 2.75% may be charged for the Cape Cod and Islands Water Protection Fund beginning July 1, 2019. See TIR 05-01 for more information.Ĭape Cod and Islands Water Protection Fund In the cities of Boston, Worcester, Cambridge, Springfield, West Springfield, and Chicopee, an additional 2.75% tax is charged for convention center funding. In addition to the state excise, Massachusetts cities and towns are permitted to charge a local room occupancy excise tax up to 6% (6.5% for Boston). Note that while the statute provides for a 5% rate, an uncodified surtax adds. The state’s room occupancy excise tax rate is 5.7%. Visit TIR 19-14 for surcharge information. Sales price (less mortgage assumed) of real estate Smokeless tobacco (percentage of price paid by licensee)Ĭigars & smoking tobacco (percentage of price paid by licensee) Still wine, including vermouth (wine gal.)Īlcoholic beverages 15% or less (wine gal.)Īlcoholic beverages more than 15%-50% (wine gal.)Īlcoholic beverages more than 50% of alcohol (proof gal.) "Even so, with wage growth still uncomfortably strong, we suspect the Bank of England will still raise interest rates one final time next week, from 5.25% to 5.50%," Dales said.Short term capital gains and long-term gains on collectibles economist at Capital Economics, said the GDP figures may indicate a mild recession has begun and "underlying growth has lost momentum since earlier in the year."ĭales highlighted strikes and unusually wet weather as drags on certain sectors, but said output declined more broadly, suggesting widespread weakness. mortgages in arrears jumped to a seven-year high in the three months to June. It is the latest sign of economic strain amid higher interest rates. The economy put in a better-than-expected performance for the second quarter as a whole, with the ONS reiterating its reading of 0.2% growth. Services output was the main drag, the Office for National Statistics said, declining 0.5%. gross domestic profit fell by 0.5% in July, below the 0.2% contraction forecast in a Reuters poll of economists. Economists in a Reuters poll had signalled a 0.2% fall. On the data front, official figures showed the U.K.

Analyst reactions suggested higher operating expenses and concerns over future performance may have spooked some investors, as others took profits. Zara owner Inditex, the world's biggest fast fashion retailer, dipped 3% despite reporting interim half-year results that beat expectations and showed a 14% rise in gross profit. Von der Leyen said Europe was "open to competition but not for a race to the bottom." The sector rose as much as 2% after the announcement before falling to a slight loss. Economists polled by Dow Jones signaled rises of 0.2% and 4.3%, respectively.Īutos briefly rallied in morning trade after European Commission President Ursula von der Leyen said the EU would launch an investigation into subsidies given to electric vehicle makers in China. On a monthly basis, prices increased 0.6%, in line with expectations.Ĭore CPI, which strips out food and energy and is closely monitored by the Federal Reserve, rose by 0.3% on the month and 4.3% on the year. Economists surveyed by Dow Jones had forecast an increase of 3.6%. The consumer price index, which measures costs across a broad variety of goods and services, rose 3.7% from a year ago, the U.S. inflation data for August exceeded expectations. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
