"1st Look" at the Tax Ramifications of Wayfair
Deep-dive into South Dakota v. Wayfair, Inc. changing how states can tax businesses
- Product Number: 2180602RBC
-
CLE Credits, earn up to:
2 substantive credits, 0 ethics credits CLE Credit Note -
Add to Favorites List
Choose Date/Location:
-
Product Description
Product Description
On June 21, 2018 in the South Dakota v. Wayfair, Inc. case, the U.S. Supreme Court ruled in a 5-to-4 decision to overturn the decades-old physical presence standard for a state to impose a state tax—and ruled that physical presence is not a substantial nexus requirement of the Commerce Clause of the U.S. Constitution. This decision overruled prior U.S. Supreme Court precedents of Quill v. North Dakota and National Bellas Hess, Inc. v. Department of Revenue of Illinois. The Wayfair decision changes the landscape for states, allowing them to require sellers without any physical presence in a state to collect and pay sales tax.
How quickly will states act to update their laws? How will it impact states and businesses? Will the South Dakota standard be valid? Will Congress be forced to act? What is the likely impact on income tax nexus?
- Agenda
- Faculty