Tax Implications of South Dakota v. Wayfair, Inc.
On June 21, 2018, the Supreme Court issued its much anticipated opinion in the landmark case of South Dakota v. Wayfair, Inc., fundamentally changing the sales tax landscape in the United States. Due to the change in buying patterns to the internet and away from brick and mortar businesses over the last decade, there has been a growing discontent among the states that they are losing significant sales tax revenue. Thus, enters this recent decision. This case could and most likely will lead to the largest changes in how sales tax was administered in the last 50 years.
To learn more about this very interesting case, click here.
Frank Williams, Partner