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

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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
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Is Sales Tax An Anchor On Amazon?

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One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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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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Credit Karma Now Offers A High-Yield Savings Account

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Credit Karma , a company that enables people to gain access to their credit scores, is launching a high-yield savings account that customers can use through an app and online. percent APY, which is about 22 times higher than the average of national accounts. Credit Karma is partnering with West Virginia-based MVB Bank on the venture.

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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

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Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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A Brief History Of Libra

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Worldwide nations and regulating bodies reacted quickly – and, on the whole, negatively – to the prospect of the Facebook-built project. The group of nations that comprise the G7 (the U.S., The group aims to work on policies that will deal with Libra’s effect on payments, monetary policy, regulation and taxes.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

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Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. Iowa, for instance, is considering letting casinos and racetracks offer on-site and online wagering. Integrity Fees.