In this presentation, panelists discuss the sales tax implications of lease re-writes and modifications as a result of financially-distressed lessees. They also weigh the pros and cons to legal entity simplification and discuss the impact, if any, of the recent marketplace facilitator legislation. Lastly, panelists discuss what the Jurisdiction’s response to these financially turbulent times will be. As governments are faced with budget shortfalls and reduced resources, what tactics will they turn to for revenue generation? The panelists discuss what sales tax professionals need to be prepared for when the states (and localities) turn to base expansion and increased audit activity.
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