Indiana Closes Loophole

In Indiana, the state will be switching from a prepaid sales tax on gasoline, which was collected from retailers, to a gasoline-use tax based on a rolling monthly statewide average that is collected from distributors. The tax rate could change from month to month depending on the average price for gasoline. For the month of…

Candymakers Boost Prices

Both Hershey and Mars announce price increases Mars Chocolate North America announced a price increase last week, which follows a similar July 15 announcement by The Hershey Company. Mars said on July 23 that is raising its prices by an average of 7% to offset rising costs — its first increase in three years. “In…