Supreme Court Opens Floodgates to Internet Extraterritorial Taxation in 5-4 Vote

Washington — The Supreme Court has issued a ruling permitting states to tax e-commerce providers outside their own borders. The case, pitting South Dakota against Wayfair, Overstock.com, and Newegg, was a closely watched dispute over whether these companies would have to collect taxes based on the hundreds of jurisdictions where their customers might live. While…