With states needing to fill budget holes, politicians are looking for new sources of revenue. Maryland recently became the first in the United States to pass a digital advertising tax, taxing the revenue made from digital advertisements on online services like Facebook and Google. Other states are watching closely, with a few introducing similar tax…
If you find yourself clicking over to do some online shopping more than before, you’re not alone. Web sales are up from last year in the U.S., reaching $73.2 billion as compared with $41.5 billion a year earlier. That’s true even though the U.S. gross domestic product (GDP) was down a record 33% in the second quarter, unemployment…
I know many of you have heard the controversy about Wayfair and Amazon paying taxes. This week’s episode dives into the recent Supreme Court ruling that online businesses must pay taxes and the effect on smaller, primarily online businesses. About Brad Scott and Wayfair Advocacy Brad Scott joins Kelly as a guest to give an…
If you made a purchase on the internet yesterday, you might have noticed something different: sales tax. Changes in sales tax compliance laws for remote sellers and marketplace facilitators in more than a dozen states kicked in beginning October 1, 2019. More than 40 states have tweaked their sales tax laws since a 2018 Supreme Court…
As retailers pushed back, the question of what’s fair game became more important. Today, the Supreme Court offered an answer: States have broad authority to require online retailers to collect sales taxes.
Congress was back at it this week, trying to reach an agreement on spending. If there’s no bill in place by midnight Friday, we’ll see another government shutdown. In the middle of the battle, there may be a twist: the rush to regulate online sales tax.