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Remote Seller Taxation: A Job For Tax Automation

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Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

Taxes 130
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The State-By-State Complexities Of Sales Tax Compliance

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Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

Taxes 131
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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

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Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities in some states may be taxed at high rates in others, and businesses cannot afford to be caught by surprise. Around The Next-Gen Sales Tax Wor ld.

Taxes 130
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Sam’s Club Suddenly Closes 63 Stores

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The tweet comes after several local news outlets across the country — in Arizona, Alaska, Texas, New Jersey, Indiana and New York — reported the sudden closures. hourly employees to $11 an hour in February as it reaps the benefits from last month’s tax overhaul. We’re raising our starting wage for all hourly associates in the U.S.,

Alaska 109
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 In UK, BEC Fraud Gains Ground on eCommerce Sites

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In India, the Financial Express reported that the indirect tax department has developed an index, based on risk assessment, that seeks to identify the parties using fake invoices to evade taxes. The index can help realize tax revenues of 50,000 crores a year.

Fraud 100
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Why Regulating P2P Carsharing Won’t Level The Playing Field

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The fact is that, under the surface, these are two very different business models, Peacock noted, and the attempts to send the tax man after P2P firms are really just attempts by the old-school rental industry to disrupt the companies that are disrupting it. It’s a demand for fairness in words only, Peacock noted.

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The Dawn Of A Cashless Global Economy?

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There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business.

Taxes 100