Wednesday, December 5, 2018

US Supreme Court Tax Ruling Worries Art Dealers

The need to assess sales tax is now dictated by what is known as an “economic nexus”, meaning that if a vendor’s sales reach a certain threshold (which varies by state), then it has enough of an economic presence there to justify the need to pay taxes. What could prove most problematic for dealers is that many states define the nexus differently. – The Art Newspaper

 



Article source here:Arts Journal

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