New products and technologies catalyze change to sales tax law by enticing states (and other jurisdictions) with new sources of revenue, and by forcing them to answer the question: how do we tax this? For businesses, complying with sales tax law is often a low priority, especially since revenue generated from sales tax doesn’t get added to a business’ bottom line. Yet, retailers planning to sell new products and utilize new technologies must still answer the question: how is this taxed?
This week new sales tax laws include marijuana tax, online sales tax in the UK, and new shaming measures for delinquent taxpayers. Get the details on these stories and more below.