Impact of Trump’s “Big Beautiful Bill” on International Commerce: Some Opportunities for Foreign Businesses
…72) protects interstate and international businesses by prohibiting states from imposing a net income tax on a business whose activities in the state are limited to soliciting orders for sales of tangible personal property. The 1959 law was adopted before the Internet, e-commerce, digital delivery of “goods” and the like. The Trump BBB will prevent states from imposing a net income tax on businesses with employees or representatives physically eng…