Amazon in sales tax dispute
Big-box retailers are pushing states to close the online giant’s legal loophole.
Wal-Mart Stores Inc. (NYSE: WMT - News), Target Corp. (NYSE: TGT - News) and other large retailers are ratcheting up a political campaign to force Amazon.com Inc. (NASDAQ: AMZN - News) to collect sales taxes, sensing opportunity in the budget crises gripping statehouses nationwide.
The big-box stores are backing a coalition called the Alliance for Main Street Fairness, which is leading efforts to change sales-tax laws in more than a dozen states including Texas and California.
Until now, the group has been largely associated with mom-and-pop stores, spotlighting stories of small toy shops and booksellers who argue Internet merchants that aren't legally required to collect sales taxes enjoy an unfair advantage with shoppers.
http://finance.yahoo.com/banking-bu...tailers-push-amazon-on-taxes?mod=bb-budgeting
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As a consumer hope Amazon wins this dispute. Not having to pay sales tax is one of the reasons I love shopping at Amazon. As a resident of California, I pay enough taxes already.
Big-box retailers are pushing states to close the online giant’s legal loophole.
Wal-Mart Stores Inc. (NYSE: WMT - News), Target Corp. (NYSE: TGT - News) and other large retailers are ratcheting up a political campaign to force Amazon.com Inc. (NASDAQ: AMZN - News) to collect sales taxes, sensing opportunity in the budget crises gripping statehouses nationwide.
The big-box stores are backing a coalition called the Alliance for Main Street Fairness, which is leading efforts to change sales-tax laws in more than a dozen states including Texas and California.
Until now, the group has been largely associated with mom-and-pop stores, spotlighting stories of small toy shops and booksellers who argue Internet merchants that aren't legally required to collect sales taxes enjoy an unfair advantage with shoppers.
http://finance.yahoo.com/banking-bu...tailers-push-amazon-on-taxes?mod=bb-budgeting
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As a consumer hope Amazon wins this dispute. Not having to pay sales tax is one of the reasons I love shopping at Amazon. As a resident of California, I pay enough taxes already.