Aussie retailers struggling with new US state sales taxes
The AFR reported that, despite a booming economy and Donald Trump's landmark tax cuts, Australian businesses selling to the US are struggling with complex new state sales tax and onerous compliance rules. A United States Supreme Court ruling in June requires firms trading online with US customers to pay state-based sales taxes. Each of the 50 US states can charge their own rates of sales tax, and rates can change regularly. Since July, more than 30 states have now introduced a sales tax and have an effective compliance date. Australian small businesses are required to register in each state they sell into, then implement technology to apply local sales taxes and collect and file sales tax returns.