As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?
PYMNTS
SEPTEMBER 24, 2019
consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The costs of compliance — both in terms of administration and financial penalties — can mount.
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