India Is Shaping the Future of E-commerce

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This month, retail giants and government regulators around the world will be watching closely as India rolls out the Open Network for Digital Commerce (ONDC) in 100 major cities. 

ONDC is a government-backed initiative that was conceived by non-profit think tanks. The project, championed by Indian billionaire and Infosys founder Nandan Nilekani, aims to create a level playing field in online commerce by putting tens of millions of kiranas (Indian family businesses) on an even footing with online giants such as Amazon, Google, and India’s Flipkart(a Walmart subsidiary).

Read on to see how India is shaping the future of e-commerce, at least for the summer of 2022.

The Wayfair Decision and What It Means for Small Businesses

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The rise of e-commerce platforms and online marketplaces has radically changed the expectations that buyers have when it comes to shopping, leading to a steady decline in traditional retail shopping, and an uptick in online commerce. As a result of these shifts, we all now live and operate in an increasingly digital economy.

Now, bring in the Wayfair decision that has changed the landscape of state sales tax and made compliance much more difficult for all sizes of businesses.  Not familiar with the June 21, 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair?  Get background info here.
 
Learn how the case compelled businesses to adopt digital solutions to address not only their sales tax needs but other tax reporting obligations as well.