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There are currently more than 12,000 state and local tax jurisdictions across the 50 states. These regulations can change quickly and without notice. This guide is intended to keep sellers current on all economic nexus laws surrounding the collection of sales tax.
Because the IRS is underpaid by nearly half a trillion dollars per year, they are taking swift action to reclaim those tax dollars. This could mean steep penalties for your business if you fail to meet the latest regulations. See the infographic below for more facts about enforcement.
As governments and regulators around the world are embarking on their digital transformation, organizations need to ensure they keep their indirect tax transformation one step ahead. In this series of articles from leading journalists, learn how digital tax is evolving globally and what the changes mean for your business.