eTail West: The Virtual Summit & Expo for E-commerce & Omnichannel Innovators
The Virtual Summit & Expo for eCommerce & Omnichannel Innovators
Overturn, uphold or remand?
Tax professionals – especially those whose companies conduct e-commerce across state boundaries in the United States – are eager to learn which of those options the U.S. Supreme Court has selected in its South Dakota v. Wayfair decision. Interestingly, the Supreme Court justices voted on how the case will be decided following the April 17 oral arguments. The opinion is in the process of being drafted, and it will likely be published within the next few weeks.
There are three possible decisions in the case (here’s a quick review of the issue and what’s at stake):
While tax professionals are eager to find out how the Supreme Court ruled, that doesn’t mean they should wait until the opinion is published to take action. Any of these three possible outcomes are likely to spark a flurry of activities that will create more work and new challenges for many tax functions.
Here are some steps to consider taking now to be better positioned once the decision is made public:
It's important to note that not just U.S.-based companies will be impacted by the Supreme Court's decision. Global companies selling to U.S.-based customers need to be prepared, regardless of how Wayfair plays out.
We'll update you on the Supreme Court's decision once the opinion is published.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
Browse All Solutions