State and local tax news brought to you by Zaldivar and Associates
25 states have announced sales tax rate changes, effective January 1, 2020. CPA Practice Advisor has compiled a list of which jurisdictions will be changing this month, visit CPApracticeadvisor.com to read full article. Read Full List Here: CPApracticeadvisor.com
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest average combined Continue reading Multi-State – Tax Foundation Publishes Combined State and Local Sales Tax Rates, 2020
Some of the wackiest sales tax tales in 2019 centered on remote sales tax. States won the right to tax remote sales only recently, with the United States Supreme Court decision on South Dakota v. Wayfair, Inc. (June 21, 2018) Continue reading Multi-State – The Wackiest Sales Tax News Of 2019
Federal excise taxes usually have clear-cut policy objectives. For example, the tobacco tax combats smoking, a habit that kills people and drives up medical costs. The alcohol tax addresses the social ills arising from alcohol abuse and the gasoline tax Continue reading Multi-State – Congress Should Promptly Scrap the Medical Device Tax, Once and For All
Many businesses, including manufacturers, that buy or sell products across state lines are affected by the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair. In this decision, South Dakota’s “economic nexus” statute that requires certain out-of-state sellers to register Continue reading MULTI STATE – The Wayfair Decision: What Manufacturers Need to Know About Sales Tax
George Isaacson has been watching the results of South Dakota v. Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies. Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data Continue reading Multi-State – The Economic Case For Remote Sales Tax Uniformity
Key Findings The medical device tax, part of the Affordable Care Act, is a 2.3 percent excise tax on the price of taxable medical devices sold in the United States. The tax has been suspended since 2016, but the current Continue reading Multi-State – Why the Medical Device Tax Should Be Repealed
The last few years have brought major improvements in how states enforce their sales tax laws on purchases made over the Internet. Less than a decade ago, e-retailers almost never collected the sales taxes owed by their customers. The result was a Continue reading Multi-State – A Lump Of Coal For 12 States Not Collecting Marketplace Sales Taxes This Holiday Season
FedEx CEO called The New York Times story “distorted and factually incorrect.” The CEO of FedEx challenged The New York Times’ publisher A.G. Sulzberger to a debate after the paper ran a story titled “How FedEx Cut Its Tax Bill to $0” on Sunday. “I Continue reading Multi-State – FedEx CEO Dares New York Times Publisher To Debate $0 Tax Bill Story
International tax authorities have their eyes on the holiday shopping calendar as an opportunity to extend their tax net on eCommerce retailers. Biggest shopping days of the year in EU and US Retailers will usually generate more sales in Q4 Continue reading Multi-State – Black Friday and Cyber Monday Can Push Sellers Into New Tax Liabilities