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Are California’s Economic Sourcing Rules The Next Wayfair?

Law360 (July 27, 2018, 1:53 PM EDT) -- Move over, South Dakota v. Wayfair Inc.[1] During the long debate over the U.S. Supreme Court’s physical presence standard for state sales taxes, a quiet revolution in state corporate income taxes has been taking place — the shift to market-based sourcing for services income. By the early 2000s, only a smattering of states had adopted market-based sourcing; by 2018, that number has grown to include more than half of the states. Now that the Supreme Court has resolved the physical presence standard in its recent Wayfair...
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