Payments provider Stripe is acquiring TaxJar and plans to incorporate its sales tax technology into its business platforms.
Florida Gov. Ron DeSantis has signed an internet sales tax bill, requiring e-commerce sellers to collect a 6% sales tax on any sale to a Florida resident.
While many in the brick-and-mortar retail businesses applaud the decision as an effort to even the playing field between online and traditional retail, others are concerned with the negative effects the decision is sure to have on small online businesses.
The Supreme Court ruled in favor of allowing states to collect taxes on all sales made through online channels, helping large omnichannel retailers compete online for sales.
