Digital Transformation and Tax Analytics: What’s Driving ERP to the Cloud
The organizational pursuit of digital transformation represents a pervasive driver of ERP cloud migration.
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As I mentioned in a previous post, I’m participating in the Multistate Tax Commission’s (MTC’s) Wayfair Implementation and Marketplace Facilitator work group. Starting Aug. 6, the work group will hold a series of discussions to address numerous issues arising out of the many new marketplace facilitator/provider sales tax collection laws states have passed, or are finalizing, following the U.S. Supreme Court’s June 2018 Wayfair decision.
The work group, which operates under the MTC’s Uniformity Committee, plans to engage with state departments of revenue, taxpayers, and related professional services providers (e.g., CPA firms) during this process to evaluate potential solutions. This work will result in a whitepaper likely to be published in November so it can be utilized during the 2020 state legislative process.
Late last month, the work group published a long list of issues that need attention. While 21 of these matters relate to new marketplace facilitator collection issues, three of them pertain to economic nexus issues:
The marketplace facilitator issues are more numerous. These matters relate to concerns about a lack of uniformity in various aspects of new statutes, collection responsibilities (marketplace facilitator vs. marketplace provider) under different circumstances, liability protections, refund processes, class-action lawsuits stemming from over/under-collection of tax, certification processes, and much more. Here are three issues at the top of the working group’s list:
To learn more about the MTC Uniformity Committee’s Wayfair Implementation and Marketplace Facilitators work group, click here. In addition, the National Conference of State Legislatures (NCSL), will also be holding its annual Legislative Summit Aug. 5-8. The “Task Force on State and Local Taxation” will be taking up refinements to the recently passed state marketplace facilitator laws. This work will also likely conclude with a whitepaper in late fall 2019. As I mentioned before, I’ll keep you informed as the work of both these groups progresses through these issues, and potential remedies, during the next six months or so.
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.
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