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

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consumers are expected to be shopping online by 2021. million sellers active on Amazon , for example, and more joining every day. 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.

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How Online Sales Tax Impacts Different eCommerce Models

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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. consumers are expected to be shopping online by 2021. Online Sales Tax and Marketplaces.

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

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Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy.

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Online Gambling And The Challenges Of Betting On Instant Disbursements

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The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

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Procure-To-Pay’s Tax Conundrum

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One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

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Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

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The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. That means they must navigate tax collection nuances. Wayfair, Inc. ,

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