Black Friday and Cyber Monday are bonanzas for online sellers. But there could be a downside this year thanks to the Supreme Court’s South Dakota vs. Wayfair decision, which says states can charge online retailers’ sales tax, regardless of the company’s physical location. Here are 4 things to keep on top of heading into the holidays.
As of Oct. 1, 10 states added a requirement for remote sellers to begin collecting tax online sales tax in the wake of the Supreme Court’s landmark Wayfair ruling in June, and many merchants are finding it difficult to comply. See what an advocacy group is doing, when states are enacting laws and what litigation is pending.
It’s been almost a month since the U.S. Supreme Court’s landmark Wayfair decision, and ecommerce sellers are still wondering what comes next. Matthew Schaefer of Brann and Isaacson, whose firm represented Wayfair and the other defendants, details the landscape in the latest MCM CommerceChat podcast.
In the wake of the U.S. Supreme Court’s landmark South Dakota vs. Wayfair ruling in June, much uncertainty remains. To address the many questions, join Multichannel Merchant and Vertex on Wednesday, July 18 at 1 p.m. EDT for a free webinar, “The Supreme Court Wayfair Decision: Now What?”
For a case that is being upheld as a bringer of clarity, the Wayfair decision is certainly providing a good bit of uncertainty as well. States, ecommerce sellers, retailers and service providers are all sorting out the practical implications of the landmark Supreme Court ruling.
In a landmark decision impacting the way domestic retail and ecommerce is transacted, the U.S. Supreme Court has overturned its 1992 Quill decision, meaning ecommerce companies must now collect sales tax regardless of whether they have a physical presence in a state.
One day into a U.S. Supreme Court case that can reset the balance on collection of tax for ecommerce sales, justices appeared split on the issue arising out of South Dakota involving major players. This case will have massive ramifications for the ecommerce industry and retail as a whole going forward.
The U.S. Supreme Court has agreed to take up a South Dakota case this term that could reset the balance between online and physical store sellers by requiring taxation of goods sold by out-of-state merchants. However the high court rules, it will have a dramatic effect on retail and ecommerce taxation for years to come.
While several bills are still pending at the federal level that would address ecommerce taxation, Amazon recently cut to the chase. Here are three moving targets to think about when it comes to sales taxes today.