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U.S. States Move Forward with Digital Service Tax Legislation
Tech-companies are downsizing…. states are preparing for the digital tax era that’s now inevitable…. along with the enactment of the global minimum tax (read GMT article for reference) starting mid-year 2023. Hopefully, tech-companies are also preparing how to navigate the on-slot of digital service tax compliance and reporting requirements they may be subjected to. DuringContinue…
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Global Minimum Tax on Multi-national Entities Moves Forward in 2023
The European Union (EU) has recently adopted a new global minimum tax to help combat tax avoidance by multinational corporations (MNEs). The new tax, which is set at 15%, is intended to prevent companies from shifting profits to low-tax jurisdictions to reduce their overall tax burden. This will eventually be adopted by all member nationsContinue…
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Why State Tax Compliance Important For Digital Service Providers
In 2018, a court case decided by the U.S. Supreme Court (South Dakota v. Wayfair) created a paradigm shift in how businesses are exposed to state tax filing requirements, leading to more companies exposed to state tax implications. SCOTUS ruled that states are no longer held to the threshold of physical presence to require anContinue…