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 seeking millions in sales tax from state 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
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...
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via Mashable http://mashable.com/2013/12/02/supreme-court-online-sales-tax/?utm_medium=feed&utm_source=rss
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