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No-Cost TAPC Webinar
Real Answers to AP Automation Questions
March 29, 2011 - 2:00 pm EST
Featuring David Hay, Consultant, and Adam Slick, Marketing and Research Manager, Verian Technologies
Earns 1 CEU
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Sales Tax and the Internet
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"Big-box" brick-and-mortar retailers and revenue-starved states have joined forces to fight virtual retailers over uncollected sales tax, with the Internet as their battleground. New laws popping up across the country are looking for ways to tax online transactions.
This issue features the latest updates on states imposing Internet sales taxes, as well as an overview of how the courts have shaped the concept of sales tax nexus.
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| Patrick Harbin – Editor
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Illinois Sales Tax Law |
Following in the footsteps of states like New York and Colorado, Illinois recently passed a law requiring online retailers to collect sales tax on transactions within the state. Online retailers, however, believe taxing these transactions will not help state budgets in any meaningful way.
See Are the Benefits of Online Sales Tax Worth the Costs? on TAPC.
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Nexus |
A Business must collect sales tax from buyers if it has a physical presence in the buyer's state. This concept, called nexus, has been shaped over the years by a series of high profile court cases, such as:
- Quill Corp v. North Dakota: Established that it is unreasonable for businesses to collect sales tax in states where they do not have nexus.
- National Geographic v. California: Ruled that having employees in a state constitutes nexus.
- Scholastic Book Club v. SBE: Found that a mail-order book company has nexus in any states where teachers act as conduits between the retailer and its customer base.
Recent laws to tax Internet sales look to further expand the definition of nexus. Be sure to attend the session, "Understanding and Complying with Sales and Use Tax," part of next month's The Accounts Payable Network AP Leadership Conference, for more updates on these "Amazon" laws. The conference earns up to 13 CEUs.
Discounted hotel rates have been extended until March 25!
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Just for Fun! |
Some people have a lot of money to burn, such as the person who bought the world's most expensive comic book (Action Comics #1 for $1.5 million) or a baseball card for $2.3 million. See The World's Expensive House, Wine...and Tooth.
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