Vertex, Inc. warns fiscal pressures could trigger indirect tax changes as reserves decline

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Parshwa Turakhiya

4 hours ago

Vertex, Inc. warns fiscal pressures could trigger indirect tax changes as reserves decline — Vertex, Inc. warns of tax shift

State governments in the U.S. are facing mounting fiscal pressures amid falling reserves and diminished federal funding.

According to Vertex, Inc., these factors may accelerate changes in indirect tax policy as states look for new revenue streams. George Salis, Chief Economist and Senior Tax Policy Director at Vertex, Inc., argues that shifting economic conditions and tighter budgets could prompt lawmakers to reconsider and expand indirect taxes. With state coffers under strain, businesses and consumers may see new or higher taxes soon. Details on specific tax measures or states most affected are not yet available.

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Vertex, Inc. has previously warned that rising SKU counts and manual product categorization pose risks for retailers, urging more technology-driven tax compliance in its AI-driven retail tax models report. The company has also expanded its focus on workplace inclusion with the launch of its Pride Forward initiative. These efforts reflect the firm’s ongoing engagement with both policy and operational challenges.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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