In Europe businesses are most familiar with VAT . Although both Sales and Use Tax and VAT are indirect taxes, the implementation of the two taxes is very different.
Enacted on June 5, S.B. 689 makes significant changes to Illinois’ sales and use tax laws, including (1) subjecting remote retailers and marketplace facilitators to a collection obligation, (2) providing exemptions for...
Almost one year ago, the seminal United States Supreme Court ruling in South Dakota v. Wayfair, Inc. (June 21, 2018) shattered a long-standing physical presence rule that prevented states from imposing a sales tax...
State lawmakers continue to enact legislation in response to the U.S. Supreme Court’s decision in “South Dakota v. Wayfair, Inc.”
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