As old tax laws and court rulings struggle to catch up to e-commerce, some of the nice loopholes that benefitted online retailers are closing fast. One in particular — that allowed retailers to avoid charging a state’s sales tax if they didn’t maintain a physical presence in that state — was shut tight by the Supreme Court this week.
In a 5-4 decision, the Court admitted previous rulings on the issue of internet sales tax were “flawed,” and can “create, rather than resolve market distortions.” So, what does this reversal mean for your small business?
