This week the U..S. Supreme Court c overturned its previous positions in Quill Corp. v. North Dakota.
The result? States now have the opportunity to enforce their transactional tax structure irrespective of the seller's physical presence within their jurisdiction. Many states have already started considering law changes to enable this activity, and it is very likely others will use this lower standard of nexus to push forward new legislation in the near future.
So get ready for increases of tax collection and reporting requirements related to sales of tangible personal property and taxable services. I anticipate that this significant departure from the historic physical presence standard will increase compliance dramatically for businesses both within and without the United States.
And we'll keep you posted!
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