Special Edition | The Wayfair sales tax ruling: Implications for inbound companies Bookmark has been added
Special Edition | The Wayfair sales tax ruling: Implications for inbound companies
April 3 | 12 p.m. ET | 16:00 GMT
Host: Vivien Wang, partner, Deloitte Tax LLP
1 Overview CPE credit | Specialized Knowledge
In the wake of the US Supreme Court's decision in Wayfair v. South Dakota (Wayfair) in June 2018, many states have now enacted sales and use tax economic nexus. What impact is this having on inbound companies, including Chinese companies, with remote seller transactions involving the sale of goods and services? We'll discuss:
- Sales tax collection responsibilities for remote sellers.
- Potential implications for state income and franchise taxes, as well as financial reporting of direct and indirect taxes.
- Data, process, technology, and resource needs to address increased tax compliance burdens.
Participants will explore unfolding implications of Wayfair beyond sales tax and how inbound companies may respond.