BLOOMBERG BNA EVENT TO EXAMINE STATE TAX TREATMENT OF DIGITAL ECONOMY

virtual reality

As the digital economy continues to grow, businesses and consumers are accustomed to purchasing a wide variety of goods and services via the Internet. Whether its online classes, administrative support or even groceries, the state in which the vendor is located is hardly a consideration for the parties to the transaction. But the question of where the activity is conducted is a serious concern when it comes to imposing or paying state tax on the transactions.

Business advocates argue that states are exceeding their constitutional authority by taxing these borderless transactions. Some states counter that they need revenue to provide the infrastructure upon which businesses and consumers rely.

Bloomberg BNA and Reed Smith will bring the controversy in sharper focus at an in-person and live stream event on Tues., Feb. 2 from 12 to 2:30 pm ET in Washington D.C. 

This event will offer an opportunity to hear from practitioners, advocates and legislators on the front lines of emerging state and local tax work related to the Internet and online activities. A panel of experts will examine the various nexus thresholds that states are employing to capture more "remote" seller activity, especially as the physical goods economy wanes--including, notably, Alabama's new standard which appears not to comply with the Quill Corp. v. North Dakota 1992 U.S. Supreme Court decision. It will also discuss the various click-through and factor-presence standards that have emerged this year—and what experimentation might lie ahead in 2016.

In addition, the event will explore the emerging tax categories that states and localities are creating with respect to cloud-based computing services and other emerging technologies, and what might happen in this ever-moving tax arena in the new year. This event will offer an invaluable opportunity to participate in a conversation with those leading the charge to reconcile state and local tax regimes with the ever evolving online goods and services markets.

Specific topics addressed by experts such as Fred Nicely, Senior Tax Counsel with the Council On State Taxation; Craig Johnson, Executive Director of the Streamlined Sales Tax Governing Board; and Joe Henchman, Vice President of the Tax Foundation will include:

  • The nexus thresholds that states are employing to capture more "remote" seller activity, especially as the physical goods economy wanes
  • The click-through and factor-presence standards that have emerged this year
  • The new taxes raised on emerging technologies, such as cloud computing, and others that were mulled or invalidated by the courts
  • What experimentation might lie ahead in 2016
  • And more (full agenda)

Don’t miss this opportunity to participate in a conversation with those leading the charge to reconcile state and local tax regimes with the ever-evolving online goods and services markets. Register here.

For questions, please contact Elyse Strand at EStrand@reedsmith.com or 312.207.2773.