06 November 2024

Andersen Managing Director Eric Anderson's comments are featured in the recent Tax Notes article, Experts Urge States to Tax Tech via Statute, Not Regs. The article discusses the insights leading state tax practitioners shared about how technology is outpacing state taxation statutes at an October 28, 2024, panel discussion at the Paul J. Hartman State and Local Tax Forum in Nashville, Tennessee. Eric said the market for the virtual universe (i.e., where users can interact with other people or software) is growing rapidly, but there are no state statutes in place addressing taxation. The situation is creating a conundrum because, in the absence of relevant statutes, practitioners are applying existing laws, policies, and regulations to new internet applications, Eric said.