article thumbnail

How Merchants Navigate Tax Collection Complexity With Technology  

PYMNTS

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. 2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case. All this, Today in Data. Data: 8,000: Square footage of The North Face’s recently opened store in Soho.

Taxes 122
article thumbnail

Bitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K From Pension Fund

PYMNTS

“Before I begin my questions, I just want to take a moment to commend the South Dakota Division of Banking for their forward-thinking and willingness to allow for innovation in the digital currency space. The South Dakota Trust Charter allows companies to operate on a national level so you can serve clients from every state.

Insiders

Sign Up for our Newsletter

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

article thumbnail

US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

“In effect, it is a judicially created tax shelter for businesses that limit their physical presence in a state but sell their goods and services to the state’s consumers, something that has become easier and more prevalent as technology has advanced. A New Type of “Physical Presence”. Do Sales Taxes Really Matter? percent tax.”.

Taxes 119
article thumbnail

Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

President Barack Obama is warning about the potential negative impact that technology can have on society. President Barack Obama is warning about the potential negative impact technology can have on society. South Dakota Decision. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v.

article thumbnail

TaxCloud Announces New Stripe Integration

PYMNTS

Since the Supreme Court issued its opinion in South Dakota v. In effect, it is a judicially created tax shelter for businesses that limit their physical presence in a state but sell their goods and services to the state’s consumers, something that has become easier and more prevalent as technology has advanced.

article thumbnail

Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Reuters reported that automation technology’s melt into middle-wage jobs like construction, office work, truck driving and even food prep and food service will see more and more jobs displaced by computer technology. Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama.

Study 134
article thumbnail

Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. ruling and returned the Wayfair decision to the South Dakota Supreme Court.