Implications of US Supreme Court's Wayfair Decision

This chapter delves into the unexpected ruling by the US Supreme Court on the Wayfair case, eliminating the physical presence rule and impacting states and the business sector. The discussion covers reactions from businesses seeking clarity on state authority and states downplaying the ruling's significance, along with the challenges faced with sales tax compliance and potential future changes. Additionally, the evolution of states' corporate income tax post-Wayfair is examined, with concerns raised about added complexities for businesses.