The arms race in sales tax

  • October 1, 2015
  • Maria Montie, CPA, MST, CVA, MAFF

Sales TaxWhen tax codes were originally created, the economy was mostly focused on the manufacturing of tangible goods. As the economy shifted from manufacturing to services, and in particular with the advent of digital commerce, state tax codes have become outdated, and ultimately, have led to eroding tax bases. For businesses, this means a continual onslaught of ongoing tax code changes as states struggle to keep up with emerging service and digital economies.

To learn more about how technology is crucial in the struggle between states and taxpayers, read the full article from Accounting Today.