4 Ways for Marketplace Facilitators to Adapt Market Changes
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The Wayfair ruling expanded the tax responsibility of an e-commerce retailer on online transactions. Tax regulations are fairly new and continue to emerge, thus impacting the seller and the facilitator. Both have an added burden to now interpret the law in a given state, responsibility on taxes collected and remittance of the tax into a given state or locale. This creates significant complexity for both the sellers and marketplace platforms.
In this playbook, we’ll explore four common questions about the tax laws and provisions that are in place for MPFs today and what tax leaders can do to ensure they stay aware and ahead of their responsibilities.
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