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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
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Remote Seller Taxation: A Job For Tax Automation

PYMNTS

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. Implementation.

Taxes 130
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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129
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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

PYMNTS

Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to a report from The Wall Street Journal. One person cited in the report drove from Houston to Louisiana with her family for the reopening of casinos on Monday. And, while U.S.

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Can South Dakota Move The Needle On A Federal Online Sales Tax?

PYMNTS

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

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Opening Bets: MGM Deals Foreshadow New Gambling Culture

PYMNTS

which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. Beyond that, legal gambling culture in the United States, despite the Supreme Court ruling , remains a tangle of state laws and regulations. That could lead to additional taxes, possibly at or above 15 percent.”.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Fortunately for Red River Bank, loan demand is picking up in Louisiana as cities stabilize from the pandemic and businesses reopen. Regulators haven’t yet broached the subject with them. Blake Chatelain, president and CEO of $2.9 billion-asset Red River Bank in Alexandria, La. Addressing ESG is one thing,” she says.