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- Title
The Tide Continues to Rise: State Tax Trend Considerations for Investment Funds and Managers.
- Authors
Arslanyan, Tamar; Bianchini, Francesca; Waldow, Roburt; Wei, Shirley
- Abstract
In the wake of the 2018 U.S. Supreme Court decision in South Dakota v. Wayfair, Inc., which abandoned the Court's long-standing precedent requiring physical presence for sales/use tax nexus, states have embraced nexus standards based on "economic activity" in the state. Further, over the past decade, most states have moved from a cost-of-performance approach to market-based sourcing for receipts from services and intangibles. This article explores how these new rules apply to investment funds and investment managers.
- Subjects
SOUTH Dakota; PORTFOLIO managers (Investments); TAX planning; WAYFAIR LLC; UNITED States. Supreme Court; STATE taxation; LEGAL judgments; APPELLATE courts
- Publication
Journal of Taxation of Investments, 2022, Vol 40, Issue 1, p17
- ISSN
0747-9115
- Publication type
Article