This course was CPE eligible only during its original airing.
Retailers have a long history of complying with state and local sales and use taxes. However, as the retail industry continues to evolve in the digital economy, the states have struggled to modify their laws to keep pace with these changes. Consequently, retailers' compliance challenges have become significantly more complex. As retailers seek to lure consumers through greater online purchasing options, deal of the day promotions, reward points, price matching, etc., states have expanded their nexus standards, increased audits, and have differing stances on transactions such as deal of the day activities. The result is, as never before, retailers may be uncertain where they have collection obligations and which transactions are subject to sales and use tax. Join us for a discussion on the challenges retailers face as their business models change with increasing rapidity. Our panel will provide their insights into how these changing business models create challenges for retailers' tax departments and state revenue departments alike. (November 20, 2012)