Remove North Dakota Remove Online Remove Taxes
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

TaxCloud Announces New Stripe Integration

PYMNTS

sales tax obligations via the company’s sales tax application programming interface (API). Since the Supreme Court issued its opinion in South Dakota v. Wayfair last year, many online retailers now have to collect sales tax in additional states.

Insiders

Sign Up for our Newsletter

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

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. North Dakota.

article thumbnail

South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. North Dakota. North Dakota.”. The lawsuit has, unsurprisingly, drawn some responses.

article thumbnail

The US Supreme Court to revisit ecommerce sales tax law

The Paypers

North Dakota, a 1992 ruling that allowed states to collect taxes on online sales only from sellers that had a physical presence within their boundaries. (The Paypers) The United States Supreme Court has decided to revisit Quill Corp.

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

Yieldstreet Review: Access to Crowdfunded Investments

MyBankTracker

Yieldstreet is an online investing platform that specializes in crowdfunded investments — allowing more people to invest in here include fine art and real estate. Yieldstreet isn’t in the same vein as traditional online brokerages. If you’re married and file a joint tax return, the threshold goes up to $300,000.