State Sales Tax: Trends and Updates Since South Dakota v. Wayfair
In 2018, the U.S. Supreme Court ruled in favor of the state in South Dakota v. Wayfair, Inc. The decision has overruled a long-standing standard allowing states to charge remote sellers for in-state transactions. Consequently, several states have adopted new rules that specify what sets out a tax duty on sales and usage, known as nexus. They have also started to expand the economic nexus standard sanctioned in Wayfair beyond sales tax systems, introducing economic nexus provisions for corporate income taxes.
As complexities cloud this particular area of law, concerned companies need to closely track not only the legal landscape but also the administration and compliance processes for these transactions.
Our panel of key thought leaders and practitioners will offer a discussion on the important changes surrounding state sales tax. This webcast aims to help you understand the changes in the state sales tax after the South Dakota v. Wayfair, Inc. Decision. Speakers will also provide best compliance practices and strategies to keep pace with emerging developments.
Field of Study: Taxes
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