President Donald Trump praised a Supreme Court ruling that could soon lead to online retailers having to collect state sales taxes in 45 states. But it could also have an affect on his own online retailer. TrumpStore.com currently collects sales taxes in just four states. President Donald Trump praised a […]
The United States Supreme Court ruled in favour of South Dakota in Wayfair vs. South Dakota on Thursday. The decision paves the way for states to collect sales tax on online purchases that cross state lines, even if the retailer does not have a physical presence in that particular state. […]
President Donald Trump has blasted Amazon over the issue of sales-tax collection by online retailers. Amazon says it collects sales taxes on its inventory in the 45 states that have such taxes. The Trump Organisation’s online store collects the tax in just two states. Online retailers are not legally required […]
President Donald Trump is “obsessed” with Amazon, a source told the news website Axios. The president is considering targeting the retail giant’s tax status or antitrust action. Trump blames Amazon for the decline of brick-and-mortar retailers and the pain that has caused real-estate developers. And he thinks the company is […]
Amazon's sales are taking a hit in states that...
But don't expect it to last.
[credit provider=”Flickr / Svenstorm” url=”http://www.flickr.com/photos/svenstorm/2562833727/in/photostream/”] (Reuters) – Sales tax from Internet commerce, a prize pursued for years by U.S. state governments, is starting to arrive in California and a few other states, providing millions of dollars in new revenue, though not as much as a benchmark study once forecast.After fighting […]
[credit provider=”BCA Research” url=”http://bcaresearch.com/”] There are plenty of different ways to look at a country’s tax rate.For instance, if you look at tax as a percentage of GDP, the U.S. has a relatively low rate.
[credit provider=”Bloomberg” url=”http://www.bloomberg.com/video/91398870-jpmorgan-s-feroli-on-fed-monetary-policy.html”] We recently emailed some of our favourite economists to ask how they’d fix the economy.We asked for both reasonable and off-the-wall ideas.
The real tax season may take up a few months at the beginning of the year, but it’s easy to forget just how much we’re shelling out in taxes on a daily basis.
With the economy still struggling, states are getting fairly crafty with how they charge consumers via sales taxes. It’s no secret that dubious, yet all-too enforceable government laws have been with us since the dawn of the civilized world.
[credit provider=”Business Insider”] Shoppers flooded retailers on Black Friday looking for door buster deals and setting new records for holiday sales.Then they scoured the web for the best holiday bargains on Cyber Monday, the e-commerce answer to the post-Thanksgiving shopping frenzy, which is also expected to smash last year’s records.
After years of fighting against similar measures, Amazon is now supporting a bill that would allow states to collect sales tax from online shoppers, even if the seller ships from a different location than shoppers.