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Research Report 

The Harmful Impacts of Removing Sales Tax from Interchange Calculations

Legislative proposals seeking to exclude state and local sales tax from interchange fee calculations for card payments pose an enormous threat to the global payment system and will result in higher - not lower - costs to all but the largest merchants.

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What You'll Learn in this Report

  • Merchant Concerns with Sales Tax Collection
  • Intricacies of Sales Tax
  • Methods for Excluding Interchange on Sales Tax
  • Challenges to All Stakeholders
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About Cornerstone Advisors

At Cornerstone Advisors, our goal is to deliver tangible business impact to financial institutions and fintechs. We know that when institutions improve their strategies, technology, and operations, enhanced financial performance naturally follows. Because we live by the philosophy that businesses can’t improve what they don’t measure, we show banks and credit unions how to use laser-focused measurement to make smarter technology decisions.