States Can Tax Amazon Marketplace

25 June, 2018, 10:09 | Author: Gerard Cortez
  • Jenny Kane  Associated Press

The decision was also having an impact on states' bottom line, Kennedy said, citing estimates that states are losing $8 billion to $33 billion a year in sales tax revenue. "Some of those online state sales (tax) was just coming out of pocket, and I was just paying it to IN".

The tax is 6.25 percent.

And eBay, in which sellers frequently make interstate transactions, saw its shares decline as much as 2.4 percent.

They will have to examine and retrofit operations to determine where they have to collect tax, whether their goods are taxable, and how they will handle tax computation, filing, and remittance, consultants said.

Overstock also said the decision will have "no appreciable impact on our business".

Anti-tax group Americans For Prosperity criticized the decision as bad for the economy. They argued it is an unfair and heavy burden to require them to collect varying taxes charged by more than 10,000 jurisdictions across the country.

"It's a great day for South Dakota and Main Street America", said South Dakota Attorney General Marty Jackley.

In Oklahoma and in Norman, the biggest online retailer, Amazon, was already voluntarily remitting sales tax which comes to the city from the Oklahoma Tax Commission as a use tax.

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Three large online retailers, Wayfair, Overstock and Newegg, challenged the law in court Thursday and lost.

Although it is the poster child for big e-commerce, Amazon wasn't involved in the lawsuit and the immediate decision doesn't affect the company dramatically.

"This will level the playing field between online sellers and brick-and-mortar stores", was the phrase echoed by five state and local officials. Target Corp was up 1.4 percent and Walmart Inc was up 0.3 percent. That's a question on many minds after Thursday's Supreme Court ruling in South Dakota v Wayfair (see EcommerceBytes' article, "Supreme Court Throws Out Longstanding Sales Tax Rule-Book", published on Saturday). South Dakota's gambit worked: in its. She says the court decision will "level the playing field for IL brick-and-mortar retailers". The losers are small online retailers who could be devastated by new compliance costs. This latest Supreme Court ruling said that earlier decision was obsolete in an era of explosive e-commerce. A number of states have already legislation that will trigger sales tax collection should the Supreme Court decision allow it, as it has. "Rejecting the physical presence rule is necessary to ensure that artificial competitive advantages are not created by this court's precedents". He said retail stores have essentially become showrooms for things he buys online and he will keep shopping online if he can still get a better price.

But NetChoice, a trade association for e-commerce firms, warned small businesses would have trouble complying with the different tax requirements in each state.

The high court decided that states have the right to mandate sales charges from retailers whether or not they have a physical location within the state.

Continuing, Justice Kennedy noted potential shortcomings in the former system: a product of Quill Corporation v.

Reached Friday afternoon, June 22, Gendelman said he hadn't yet considered excluding other states, such as North Dakota.



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