The U.S. Senate Monday voted 69 to 27 to pass legislation allowing states to require online retailers to collect sales tax whether or not they have a physical presence in the state.
It probably doesn’t matter, at least not for now. The...
May 07, 2013 7:35 AM
WASHINGTON (AFP) - The US Senate passed legislation that would end years of tax-free online buying by allowing states to collect sales tax for Internet purchases from web giants like Amazon and eBay.
The Senate will vote today to pass the Marketplace Fairness Act, an Internet sales tax bill. If this bill passes, online retailers will be required to collect sales taxes for the state where they ship goods. Previously, stores were only required...
Usually, companies land themselves in hot water with taxing authorities for waiting too late to take action. But it's actually possible to get into trouble for acting too quickly. Just ask retailing giant Target: a Target store found itself under...
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