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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. North Dakota. Supreme Court precedent that retailers around the nation have relied upon for decades.

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SMB Tax Complexity Preserves Role For The Human Accountant

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With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193
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Who Pays A Higher Price For Online Sales Tax?

PYMNTS

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October.

Taxes 102
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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101
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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

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The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. Depending on how far afield they expand, those issues can span currencies, locally preferred payment methods and, increasingly, taxes. Last year, in the case of South Dakota v.

Taxes 100
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Confronting Wayfair’s Unanswered Questions

PYMNTS

The 2018 South Dakota v. tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. Wayfair ruling paved the way for broadened U.S.

Taxes 100
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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

Retail 109