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

PYMNTS

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. Last year, in the case of South Dakota v. Wayfair, Inc. ,

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

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From Farce to Menace

Independent Banker

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. By flouting congressional authority, the tax-exempt credit union model intended to serve only people of modest means and limited constituencies is on the verge of becoming fraudulent.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. After all, commerce is increasingly done across state lines, and remote sellers have the lure of selling into new and far-flung markets. States have been defining their parameters for economic nexuses.

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