States are updating their sales and use tax laws to collect taxes against a new world of frequent remote transactions. With the popularity of internet commerce and efficient interstate mails and wires, commerce increasingly...more
7/10/2019
/ Cryptoassets ,
Cryptocurrency ,
E-Commerce ,
Initial Coin Offering (ICOs) ,
Internet Retailers ,
Online Marketplace ,
Online Platforms ,
Out-of-State Companies ,
Retail Market ,
Sales & Use Tax ,
Substantial Nexus ,
Tax Liability ,
Tax Planning ,
Token Sales
After the reversal of long-standing precedent, more than 35 states have introduced bills or passed laws over the last year that would permit the collection of sales and use tax on remote transactions previously excluded from...more
7/10/2019
/ Cryptocurrency ,
Ethereum ,
Internet Retailers ,
Legislative Agendas ,
Online Gaming ,
Online Marketplace ,
Out-of-State Companies ,
Retail Market ,
Sales & Use Tax ,
State and Local Government ,
Substantial Nexus ,
Tax Liability ,
Tax Planning
Following disclosures by UBS whistleblower Bradley Birkenfeld, the IRS launched an aggressive enforcement campaign against undeclared offshore income and financial accounts in 2009. Over time, it has offered a series of...more
Do you or did you have a wealthy relative from a different country? Did that relative make you a beneficiary of a non-U.S. trust? Lucky you. But beware that free wealth....more