Remove Marketing Remove South Dakota Remove Taxes
article thumbnail

Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

article thumbnail

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. And South Dakota, for one, has had enough.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Report: The Risky Business Of Navigating Online Sales Tax For Merchants

PYMNTS

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. There are already more than 2.5

Taxes 133
article thumbnail

The Economic Case For Remote Sales Tax Uniformity

PYMNTS

George Isaacson has been watching the results of South Dakota v. Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling.

Taxes 132
article thumbnail

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. That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. Will this increasingly regulated online sales tax environment affect this growth?

Taxes 129
article thumbnail

US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

Taxes 119
article thumbnail

What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. After all, commerce is increasingly done across state lines, and remote sellers have the lure of selling into new and far-flung markets. States have been defining their parameters for economic nexuses.

Taxes 134