urses/32131/dscusson-topi, Topic: Week 1 . Discussion due Sep 2 This is a graded discussion: 15 points possible Week 1 - Discussion While Chapter 1 provides a background in taxes and jurisdictions, Chapter 2 delves deeper into Adam Smith's Canons of Taxation from his book Wealth of Nations first published in 1776. The four canons are: 1. Equality 2. Certainty 3. Convenience Do you feel the current federal tax code is meeting these canons and why or why not? Please view Federal Tax Laws Keep Piling Up in the links library to assist you in formulating your answer. You are required to research the tax policy changes implemented by the Tax Cut and Jobs Act (see research paper assignment for further clarification). Although you may not have completed much research for this paper yet, do you feel you vwill find adherence to these time tested principles of taxation? Please share any information related to these canons you have found thus far and support the reasoning behind your viewpoint. Your text touches on some of the issues surrounding sales tax and the now famous Supreme Court case Quill Corporation vs. North Dakota. With consumer purchasing changes and the availability of e-commerce Quill has become outdated. There is currently a new case that further addresses some of these issues and may very well change the landscape of sales tax. The new case is South Dakota v. Wayfair, Inc. Read through this article from Journal of Accountancy https://www.journalofaccountancy.comews/2018/apr/supreme-court-sales-tax nexus-case-201818800 htmle What are your feelings about sales tax and e-commerce. Do you live in a state that includes online sales tax on the individual return? How do you feel about the inequity between brick and mortar stores that are required to collect sales tax and online vendors that do not? Feel free to express your personal feelings or you may just want to discuss the effect on state revenues Search entries or author Unread urses/32131/dscusson-topi, Topic: Week 1 . Discussion due Sep 2 This is a graded discussion: 15 points possible Week 1 - Discussion While Chapter 1 provides a background in taxes and jurisdictions, Chapter 2 delves deeper into Adam Smith's Canons of Taxation from his book Wealth of Nations first published in 1776. The four canons are: 1. Equality 2. Certainty 3. Convenience Do you feel the current federal tax code is meeting these canons and why or why not? Please view Federal Tax Laws Keep Piling Up in the links library to assist you in formulating your answer. You are required to research the tax policy changes implemented by the Tax Cut and Jobs Act (see research paper assignment for further clarification). Although you may not have completed much research for this paper yet, do you feel you vwill find adherence to these time tested principles of taxation? Please share any information related to these canons you have found thus far and support the reasoning behind your viewpoint. Your text touches on some of the issues surrounding sales tax and the now famous Supreme Court case Quill Corporation vs. North Dakota. With consumer purchasing changes and the availability of e-commerce Quill has become outdated. There is currently a new case that further addresses some of these issues and may very well change the landscape of sales tax. The new case is South Dakota v. Wayfair, Inc. Read through this article from Journal of Accountancy https://www.journalofaccountancy.comews/2018/apr/supreme-court-sales-tax nexus-case-201818800 htmle What are your feelings about sales tax and e-commerce. Do you live in a state that includes online sales tax on the individual return? How do you feel about the inequity between brick and mortar stores that are required to collect sales tax and online vendors that do not? Feel free to express your personal feelings or you may just want to discuss the effect on state revenues Search entries or author Unread