Michaela Merz


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US – State and Local Tax – Quill overturned by Supreme Court – What’s Next?


On June 21, 2018, the Supreme Court in South Dakota v. Wayfair overturned the long-standing precedent that a business must have a physical presence in a state for the state to require it to collect sales taxes. Continue reading


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India – Trade discounts are permissible deductions from total turnover and cannot be disallowed as original tax invoice issued did not indicate discount


The tax authorities have always disputed the claim of post-sale trade discounts (cash or quantity discounts) claimed by the taxpayers on the ground that the said discounts were not linked to any sale invoices. Hence, claim of deduction towards such discounts from the sales turnover were disallowed. Continue reading