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Wayfair's impact on not-for-profit purchases and revenues.

Authors :
Heroux, Mark
Source :
Tax Adviser; Oct2019, p1-4, 4p
Publication Year :
2019

Abstract

The article discusses the Supreme Court's decision in "South Dakota v. Wayfair Inc." which invalidated the Supreme Court's long-standing precedent that a business must have a physical presence in a state for the state to require the business to register for, collect, and remit sales and use tax to the state. It reports that due to the decision states that impose a sales tax have updated their statutes to include economic nexus thresholds for out-of-state seller.

Details

Language :
English
ISSN :
00399957
Database :
Complementary Index
Journal :
Tax Adviser
Publication Type :
Periodical
Accession number :
138975460