KBRA Releases Research Report: Cyber Monday: New Sales Tax Windfall for States?
NEW YORK--(BUSINESS WIRE)--Nov 26, 2018--Kroll Bond Rating Agency (KBRA) releases a research report entitled “Cyber Monday: New Sales Tax Windfall for States?” The report looks again at the potential impact of the Wayfair decision on sales tax collections for the states as holiday shopping season begins in earnest. KBRA notes:Of the estimated $8-$13 billion of incremental sales taxes on internet commerce, some states are better positioned than others to reap the benefits of new incremental collections on remote sellers. Large states such as California, Texas, and New York, may see as much as $500 million to $1 billion of additional revenue, although on a per capita basis, the impact may be more pronounced in states such as North Dakota, Louisiana and Arkansas.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181126005039/en/
CONTACT: Analytical Contacts:
Peter Giacone, Senior Director
Paul Kwiatkoski, Managing Director
Kate Hackett, Managing Director
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
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PUB: 11/26/2018 08:00 AM/DISC: 11/26/2018 08:01 AM