Multi-State- Another coronavirus twist: Watch your sales tax duties

As the new coronavirus disrupts markets and supply chains, it’s also adding a new layer of concerns for online B2B as well as B2C sellers on top of an already complex set of tax-collection rules across the 45 states plus Continue reading Multi-State- Another coronavirus twist: Watch your sales tax duties

Multi-State- Remote Work During COVID-19 Crisis Raises State Tax Nexus Issues for Employers

With many employees forced to work from home due to business and office closures, among myriad other concerns, employers may be forced to confront state tax issues, particularly when employees work in states or local jurisdictions other than where the Continue reading Multi-State- Remote Work During COVID-19 Crisis Raises State Tax Nexus Issues for Employers

Multi-State – Sixteen States Change Online Sales Tax Laws

As of Oct. 1, 2019, four U.S. states have gone live with economic nexus laws that require some remote sellers (i.e., any retailer without a physical presence in that state, such as e-commerce retailers) to charge sales tax. And 14 Continue reading Multi-State – Sixteen States Change Online Sales Tax Laws

Mulitstate – Arkansas ties for No. 1 in sales-tax ranking; rounding takes total levies to 9.47%

A consumer buying items around Tennessee and Arkansas won’t notice much difference in the overall sales taxes paid. Thanks to rounding, Arkansas and Tennessee have the highest combined state and local sales-tax rates among the 50 states, according to the Continue reading Mulitstate – Arkansas ties for No. 1 in sales-tax ranking; rounding takes total levies to 9.47%

Mnuchin: Trump open to national internet sales tax

www.washingtontimes.com By David Sherfinski – The Washington Times – Tuesday, January 30, 2018 “Treasury Secretary Steven Mnuchin signaled Tuesday that President Trump is open to an across-the-board internet sales tax — an issue that has bedeviled lawmakers for years and one that’s Continue reading Mnuchin: Trump open to national internet sales tax

Multistate – Internet Tax Freedom Act (ITFA) Set To Expire Today (October 1, 2015)

SALT Report 3722 – The ITFA was first passed in 1998 and has been extended and revised along the way. The ITFA prohibits states from subjecting internet access charges to tax and is set to expire on October 1, 2015. Continue reading Multistate – Internet Tax Freedom Act (ITFA) Set To Expire Today (October 1, 2015)

Multistate – Former Fed Staffers See Less Than 50/50 Chance of Sept Liftoff

Mninews.marketplace.com by Karen Mracek “Four former Federal Reserve officials sounded less than optimistic Thursday about the chance of a rate hike in September, with former Fed Vice Chair Donald Kohn calling the odds less than 50/50.” … For further Information: Continue reading Multistate – Former Fed Staffers See Less Than 50/50 Chance of Sept Liftoff

Multistate – Global Systemically Important Banks (GSIB’s) Must Hold Additional Capital To Increase Resiliency In Light Of Threat It Poses To The Financial Stability To The United States

Salt Report 3682– On July 20, 2015, The Federal Reserve Board approved a final rule requiring the largest, U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically Continue reading Multistate – Global Systemically Important Banks (GSIB’s) Must Hold Additional Capital To Increase Resiliency In Light Of Threat It Poses To The Financial Stability To The United States

Multistate – Arizona, California, New Mexico, Nevada or Texas Tesla’s Gigaplant Location To Be Decided

SALT Report 3430 – Tesla and Panasonic are collaborating on a $5 billion manufacturing plant projecting 6,500 employees by 2020.  The deal is announced and the plans are in place – the location has yet to be determined.  Somewhere in the Continue reading Multistate – Arizona, California, New Mexico, Nevada or Texas Tesla’s Gigaplant Location To Be Decided

Multi-State-Permanent Internet Access Tax Ban Moves Forward In The House

SALT Report 3399 – On June 18, 2014, the House Judiciary Committee members voted 30-4 to move H.R. 3086, the Permanent Internet Tax Freedom Act  (PITFA) forward for consideration by the House of Representatives.   The PITFA would make the moratorium Continue reading Multi-State-Permanent Internet Access Tax Ban Moves Forward In The House