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

PYMNTS

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. Even SMBs in states that do offer tax exemptions may still face new compliance requirements, such as obligations to notify and report sales to residents.

Taxes 133
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The Economic Case For Remote Sales Tax Uniformity

PYMNTS

George Isaacson has been watching the results of South Dakota v. Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling.

Taxes 132
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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. That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. This is in opposition to the policy established in the 2018 South Dakota v.

Taxes 129
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Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. . Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. ruling and returned the Wayfair decision to the South Dakota Supreme Court.

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

PYMNTS

For retailers and other firms, there’s the persistent lure of broadened reach into new markets. Last year, in the case of South Dakota v. the Supreme Court ruled that online retailers could be mandated to pay sales tax — and taxes can be levied by states on firms that do not have a physical presence in those states.

Taxes 100
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 billion people a month who visit it. The fizzle wears on.

Lending 101
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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

As our comment letter explains, in a typical Bank-Agent Program, an Agent may serve as marketing and servicing agent to a Bank that charges interest on its loans nationwide at the rates allowed by federal banking law and the law of the state where the Bank is located. Citibank (South Dakota), N.A., 12 U.S.C. §

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