Supreme Court’s Wayfair Choice –
With its much-anticipated choice in Southern Dakota v. Wayfair, the U.S. Supreme Court ruled, by way of a 5 to 4 margin, that a situation may necessitate out-of-state vendors to get product sales and employ income tax whether or not they lack a real existence within the state. The court overturned its landmark 1992 decision in Quill Corp. V. North Dakota in reaching this result.
Ruling’s impact on companies
So what does this suggest for companies that offer their products or solutions or services across state lines? The clear answer, much like therefore numerous questions regarding tax regulations, is “it depends. (mais…)