Overview:
In addition to evolving economic and physical presence nexus standards, states have begun imposing sales tax on software, digital goods and online services--all of which create complications for taxpayers and enforcement officials, who must classify and source the transactions. As a result, companies must now establish baselines for:
- How sales tax must be paid
- Sourcing taxable sales of products and services
- Automating the sales tax compliance process
- Managing sales tax obligations to minimize risk
Objective:
To provide tax professionals with an overview on the evolving sales tax nexus landscape, including the impact of state imposed sales tax on software, and digital goods and services.
Emphasis:
- Sales Tax: General Application
-
State Efforts to Impose Sales Tax On:
- SaaS
- Cloud computing
- Digital goods and services - Examples of the Most Aggressive States
- Problems with Imposing Sales Tax on Digital Products
- Planning Opportunities
- Forecasting: What Does the Future of Sales Tax Look Like?