Content tagged “Sales”

No money necessary

A Baton Rouge entity is showing the rest of the country how to make virtual currency work in the real world.

Spreading the message

As the longtime publisher of Tiger Bucks—a coupon booklet targeted to LSU students that offers discounts and deals at local restaurants, shops and service providers—Carol Thomas has a unique perspective on small businesses. Not only does she operate a small business herself, so do most of the clients who advertise in her publication.

U.S. trade deficit falls to lowest level in four years

The U.S. trade deficit fell in November to its lowest level in four years, an encouraging sign that economic growth in the final three months of the year was stronger than analysts had forecast. Gains in energy production and stronger sales of American-made airplanes, autos and machinery lifted exports to an all-time high. The trade gap dropped 12.9% in November to $34.3 billion, the Commerce Department reported this morning. That's the lowest monthly trade deficit since October 2009. Exports rose 0.9% to a record $194.9 billion. The gain was aided by a 5.6% rise in petroleum exports. Imports dropped 1.4% to $229.1 billion. A decrease in demand for foreign oil offset a record level of imported autos. A smaller trade deficit can boost economic growth. It typically shows that American companies are earning more from sales overseas, while U.S. consumers are buying fewer products from foreign companies. Economists raised their growth forecasts for the October-December quarter after...

EBR sales tax collections shrink in June

Retail and vehicle sales taxes collections in East Baton Rouge Parish declined nearly 3% decline in during June. As a result, year-to-date totals are down, compared to the first six months of last year. According to the latest monthly report from the city-parish finance department, June collections were down both inside and outside the Baton Rouge city limits. Inside Baton Rouge, collections totaled $7.7 million (approximately $7.2 million in sales tax and $500,000 from vehicle sales) and were down slightly less than 1% compared to last July. Outside the city limits, collections were slightly less than $7 million in June ($6.4 million from retail sales and $600,000 from vehicles), which was down nearly 5% from a year ago. When combined, the $14.7 million collected inside and outside the city limits from retail and vehicle sales in June represented a 2.7% decrease from the $15.1 million collected in June 2012. That follows a combined 3.2% decline in May. Year-to-date, total...

A big impression

Vivid Ink Graphics has products everywhere.

LMA official: Breakaway city would cost EBR sales taxes

East Baton Rouge Parish collects a 2% sales tax, and supporters of creating a new municipality in south EBR are counting on their share of that money to fund operations for the as-yet hypothetical city. Recent media reports have cited city-parish officials as saying that there's no guarantee those tax dollars would be released, and that the parish attorney's office is studying the issue. But a former EBR tax official says it's likely not the city-parish's decision. "It's my understanding that, if the southeastern part of the parish would incorporate, those taxes would not go to the parish," says George Marretta, who researches tax issues for the Louisiana Municipal Association and worked in tax collection for EBR for about 30 years. He says sewer and road taxes are levied parishwide, including in the incorporated areas. But the 2% sales tax that goes to the city-parish government doesn't work that way, he says. "That new incorporated municipality would have to levy the [sales] taxes...

Matt McKay

Matt McKay has 16 auto dealerships stretching from Denham Springs to Alexandria through his All Star Automotive empire.