Posted By: Avior Data Staff | Thu, 06/21/2018 - 19:25 | 0
South Dakota v. Wayfair United States Supreme Court Decision
On June 21, the United States Supreme Court overturned Quill Corp v. North Dakota in South Dakota v. Wayfair. This means that states can require certain retailers with no physical presence, such as online sellers, to collect and remit the applicable sales or use tax on sales delivered to locations within their state.
People in the US have done more and more of their shopping online in recent years, drawn by the promise of low prices, wide selection and convenience. But e-commerce has also had another edge: Many of those sales were, in effect, tax-free. The Supreme Court today moved to close that loophole, ruling that internet retailers can be required to collect sales taxes even in states where they have no physical presence.
Today's decision, was a victory for brick-and-mortar businesses that have long complained they are put at a disadvantage by having to charge sales taxes while many online competitors do not. And it was also a victory for states that have claimed for long time that they are missing out on tens of billions of dollars in annual revenue.
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