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. Aftershocks from the South Dakota v. To date 43 states and Washington, D.C.

Taxes 130
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. Will this increasingly regulated online sales tax environment affect this growth? In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017.

Taxes 129
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

PYMNTS

Louisiana exempts most food purchased outside restaurants, for example, while Missouri exempts clay pigeons and targets used in skeet shooting. This policy change has refocused legislative action advocates and retailers to address the impact of sales taxes on individuals struggling to afford necessities. Sales taxes’ price tags.

Taxes 146
article thumbnail

Can South Dakota Move The Needle On A Federal Online Sales Tax?

PYMNTS

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. proper to occupy much of the conversation. And South Dakota, for one, has had enough. North Dakota.

article thumbnail

FinDEVr Live: Capital One Enables Continuous Integration and Delivery for Developers in Regulated Environments

Fintech Labs Insights

has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Continuous Integration and Delivery in a Regulated Environment. Financial institutions are required to comply with numerous regulations. Capital One, N.A. LinkedIn | @oronhaus.

Capital 12
article thumbnail

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. A pretty clear-cut sizzle. Costco Card.

Lending 101