The tax complexities of selling digital products abroad

Digital products are easy to distribute and never out of stock. Once they are created, they can be sold to customers all over the world without worrying about transport and customs formalities. Many entrepreneurs have built entire businesses around digital products and freelancers consider them a great way to generate passive income. However, there is … Read more

Senate committee searches for Wayfair remedy for small biz

Since the Supreme Court decision in Wayfair vs. South Dakota four years ago, the sales tax arena has been filled with complexity and confusion. States acted quickly to take advantage of the opportunity afforded by the removal of physical presence test as a prerequisite for them to impose sales tax nexus. But regulatory and regulatory … Read more

Wayfair hearing may lead to remedial sales tax legislation

A Senate Finance Committee hearing on June 14, 2022, may lead to legislation affecting states’ treatment of sales tax. The Supreme Court decision in Wayfair, which removed the physical presence test as a requirement for states to impose a sales tax nexus, has altered the sales tax landscape of virtually every state since it was … Read more

In the blogs: Just plain fun

Taxes versus budgets; meaning of gross taxable income; new blog in town; and other highlights from our favorite tax bloggers. Just plain fun Institute on Taxation and Economic Policy ( Even as many state lawmakers cite rising prices as a major reason to cut taxes, less-noticed data offer a reminder that rising costs have the … Read more