On June 21, 2018, the U.S. Supreme Court handed down its decision in the South Dakota v. Wayfair, Inc. case related to sales and use tax nexus standards. Wayfair centered on South Dakota’s economic nexus law, which challenges the long-standing physical presence standard upheld by the Supreme Court in Quill Corp. v. North Dakota. Quill held that a state may not tax sales by a seller with no physical presence in the state. Under South Dakota’s economic nexus law, economic
Resources
Accounting & financial reporting considerations in Wayfair Decision
Nov 21, 2018 · 495.7 KB Download
FREE ACCOUNT
ACCESS
Resource available
Download the CPEA report: Accounting and financial reporting considerations in the Wayfair Decision
File name: CPEA report - Accounting and financial reporting considerations in the Wayfair Decision.pdf
Already a member?
Log in with your account
Not a member?
To gain access to exclusive content, your first step is to join the AICPA & CIMA.