In this episode of the SALTovation podcast, Judy Vorndran and Alexander Korzhen, from TaxOps’ SALTovation Team, talk about Chicago’s informational bulletin that defines economic nexus and safe harbor for businesses that conduct business in the Windy City.
What You Will Discover:
- [00:29] Chicago’s Information Bulletin – Nexus and Safe Harbor
- [03:06] The potential retroactive enforcement
- [05:39] What the city will consider on a case by case basis for nexus
- [08:35] Next point of analysis for Chicago: sourcing
Quotables:
- “But the fact that it could have a retroactive effect on your registration, I think like you said it’s a trap, but it’s also what I think a lot of people misapprehend about registrations in general. They throw them out there. They fill them out. They get it done ‘cause they want to move forward. They don’t want to look at the past, but then what happens is the government can look at the past.” - Judy Vorndran [04:17]
- “I think what we’re hearing is that the city has taken a reasonable approach to wanting to earn prospective taxpayers, right? So we don’t know yet how they’re going to enforce this, but the way that this is written seems like they can enforce it harshly. Whether they will chose to or not is not clear.” - Alexander Korzhen [06:32]
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Production Support
This episode was produced with support from Truth Work Media. www.truthworkmedia.com
Mentioned in this episode:
SALT Contact
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