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Will eSports And Other Online Businesses Spike Digital Taxes?

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Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

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eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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US Retail Sales Rose Higher In July

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retail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter. According to Reuters , the Commerce Department revealed that, with the exclusion of automobiles, gasoline, building materials and food services, retail sales increased 0.5 percent in July, and rose 6.4

Retail 101
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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

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consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. The importance of fast, secure disbursements might hold a different weight now that players are betting online more often and more readily looking for the speeds they experience with typical retail transactions.

Online 176
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Food Stamps Online: The $75B Grocery Game-Changer?

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Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. And that’s just accessing money itself.

Online 100
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The eCommerce Bachelor: Which City Will Get The Rose?

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Jeff Bezos missed a major marketing opportunity there (as if Amazon needs it). Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. Pittsburgh, Pennsylvania. How is the race to be Amazon’s second home city not a reality show? Who doesn’t love sandwiches?

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Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers

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Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .