As the historical avenues of brick and mortar retail shopping are further eroded by on-line shopping this will have to be addressed at a national level at some point. There's no question that retail growth is in the on-line sector and will continue, thus cutting into the local sales and taxes, and the challenge will be to the states that have a sales tax to offset this growth. the larger question is soon to appear; when will the federal government feel compelled to install a federal sales tax? When will be the tipping point?
Saturday, May 3, 2008
Amazon Sues Over New York Sales Tax
From The New York Times a piece about Amazon filing suit over the collection of sales tax. The state of New York wants anyone with a presence within the state to pay a sales tax on sales from Amazon. Which could add up to a lot of money for the state coffers. Is there any doubt that if this law holds up many more states will follow suit, and Amazon to counter.
Subscribe to:
Post Comments (Atom)
1 comment:
This is a link to a short article in the current NY Times paper to confirm the point in this blog.
http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=9CMM2KIQZQR4&preview=article&linkid=03c45d66-23cd-4f37-ba56-31c7c8d60897&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d
Best regards,
MediaMentions
Post a Comment