糖心Vlog

糖心Vlog

Share this post on

Recent Changes and Trends in U.S. Sales Tax Legislation

  • Sales tax is constantly changing and evolving
  • NOMAD refers to states without a statewide sales tax including New Hampshire, Oregon, Montana, Alaska, and Delaware
  • Alaska is moving towards implementing a sales tax as more communities require online businesses to comply with local tax laws
  • Montana is considering a 4 percent sales tax that could generate over 1.3 billion dollars by FY25 despite historical opposition from residents
  • A North Carolina-based online retailer, Eden Brothers, has filed a complaint against their tax advisory firm for failing to inform them about sales tax obligations post-Wayfair decision
  • Eden Brothers faced significant unpaid sales tax liabilities which led to them paying 2 million dollars in back taxes to 39 states
  • The complaint includes claims for breach of contract and professional negligence among others
  • Louisiana legislature raised the state sales tax to 5 percent but plans to reduce it to 4.75 percent by 2030
  • Louisiana aims to maintain high tax revenue, currently having the highest combined state and average local sales tax in the US
  • An Australian publication discusses the complexities of the US sales tax system

Source:

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

Advertisements: