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Online State Sales Taxes In Perspective

online taxes

The recent Supreme Court ruling on state sales taxes for online retailers effectively reverses an earlier ruling from 1992 and levels the playing field for retailers both inside and outside of states where they sell goods.

How does this impact smaller businesses? While the ruling is new, states have been bracing for its impact already. I spoke to Bill Fox of the Boyd Center for Business and Economic Development at the University of Tennessee for his perspective on the economic effects and implications for businesses.