In a setback for Amazon, the United States Supreme Court has passed on considering a challenge by the retailer to a New York state law that would net the state millions in sales tax from residents who made online purchases.
Amazon and Overstock.com asked the Supreme Court to look into a 2008 New York state law that asserted state governments have the authority to collect taxes for purchases made from out-of-state online retailers. The decision, which comes on Cyber Monday, may be the death blow for tax-free online shopping
See also: Cyber Monday Deals You Can’t Miss
Congress is also considering legislation aimed at making it easier for state governments to collect such sales taxes. (The bill would exempt online merchants with less than $500,000 in annual sales.) The legislation, known as the Marketplace Fairness Act, sailed through the Senate in May but separate, similar legislation is still pending in the House. Read more…
More about Amazon, New York State, Retail, Supreme Court, and Business
Read more : Supreme Court Won’t Review Case on New York’s Online Sales Tax
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.