In which we dig deep into the Texas Comptroller's proposal for a single local tax on remote sellers
In response to the Wayfair ruling, the Texas Comptroller has released draft legislation creating a single local tax rate for remote sellers.
In a 5-4 ruling, the Supreme Court overturned a 1992 ruling (Quill v North Dakota) limited states' abilities to charge sales tax on internet transactions.
On Tuesday, SCOTUS heard arguments by the state of South Dakota on expanding the ability for states to collect sales tax on online purchases when the retailer does not have a physical presence in the state.
The face of retail is changing, and as a taxing entity, now would be a great time to start diving into data in order to understand your risk