Partnering with Business: SALT Opportunities in Digital Sales
8 Pages Posted: 20 Jul 2018
Date Written: April 30, 2018
In this viewpoint, I evaluate the potential for state and local governments to raise revenue in a post-Quill world. I then examine dynamic sales and how they work, assess the state of current technology affecting online sales, and propose dynamically taxing electronic transactions (including retail sales) as the economy shifts toward a cashless society. This viewpoint has heightened relevance for state and local taxing authorities now that the Supreme Court has overruled Quill in Wayfair (June 21, 2018).
Keywords: state and local taxation, cashless sales, cashless transactions, revenue generation, dynamic taxation, monetary policy, taxation, microeconomics, individual taxation
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