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Carlton Fields Attorneys Author Article Series in Bloomberg Law on State Sales and Use Tax Statutes

Blockchain and Digital Currency   |   Esports and Electronic Gaming   |   Tax   |   Technology & Telecommunications   |   July 3, 2019
Carlton Fields attorneys Steven Blickensderfer, Andrew “Drew” Hinkes, Matthew Kohen, and Rahul Ranadive recently authored a series of  articles in Bloomberg Law on new state sales and use tax laws, and how they affect remote commerce, crypto assets, and gaming.
 
A majority of states have now put forth legislation or passed laws to allow for the collection of sales and use tax on remote transactions that were previously not included in the tax.
 
These laws may specifically impact ICO-created marketplaces, crypto exchanges, the Ethereum system, external marketplaces for in-game items, virtual goods and property, and virtual currencies on live streaming services.
 
The attorneys advise that the laws are still somewhat new, and therefore it may take time to determine definitions, and assess the true impact on certain industries and companies.
 
Read the article on remote commerce, the article on crypto assets, and the article on gaming

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