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Navigating the Evolving Sales Tax Landscape: Trends, Challenges, and Opportunities

  • The tax landscape is constantly changing due to various factors such as the Marketplace Fairness Act and the digital economy
  • The Wayfair decision has led to significant changes in state and local tax implications
  • States are broadening the sales tax base by targeting services and digital goods
  • Implementing tax on services is seen as a way to improve sales tax fairness and generate immediate revenue potential

Source: cohencpa.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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