Remove Compliance Remove Louisiana Remove Regulation Remove Taxes
article thumbnail

When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
article thumbnail

Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. Implementation.

Taxes 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

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. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129
article thumbnail

Opening Bets: MGM Deals Foreshadow New Gambling Culture

PYMNTS

which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. Beyond that, legal gambling culture in the United States, despite the Supreme Court ruling , remains a tangle of state laws and regulations. That could lead to additional taxes, possibly at or above 15 percent.”.

article thumbnail

Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Fortunately for Red River Bank, loan demand is picking up in Louisiana as cities stabilize from the pandemic and businesses reopen. Regulators haven’t yet broached the subject with them. For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.