• Supreme Court lets states force online retailers to collect sales tax

    26 days ago - By Reuters

    WASHINGTON - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.
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  • Online Retailers' Stocks Are Down Following Supreme Court Ruling on Sales Tax

    26 days ago - By Fortune

    From Amazon to Ebay, stocks are tumbling for some of the largest online retailers following a Supreme Court ruling that could raise costs for online shoppers.
    The 5-4 ruling allows states to collect sales taxes from retailers that aren't physically based in the state, meaning customers will likely have to start adding taxes to their online shopping bills.
    But the ruling is also hurting the online stores themselves.
    Stocks for Amazon , Ebay, Etsy, Overstock and Wayfair were all down Thursday. Amazon, the giant among those, has already been charging taxes on some goods sold on its site...
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  • Wall Street falls as drops in Amazon, Intel add to trade jitters

    26 days ago - By Reuters

    U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.
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  • States will be able to charge sales tax on online purchases thanks to the Supreme Court

    26 days ago - By Tech Crunch

    In a five-to-four decision issued today, the Supreme Court ruled that states can make online businesses collect sales taxes - even if they don't have a physical presence in that state.
    Today's ruling overturns a decision from the Court in 1992 that paved the way for the explosion of online retail in the United States.
    Important Tax Cases: Quill Corp. v. North Dakota and the Physical Presence Rule for Sales Tax Collection
    At issue was the Quill Corp. v. North Dakota decision, which ruled that companies need to have at least some physical connection with a state for that state can require...
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  • Wall Street lower as drops in Amazon, Intel add to trade worries

    26 days ago - By Reuters

    U.S. stocks fell on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.
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  • Shares of Amazon, Wayfair and Others Hit by the Supreme Court's Ruling on Internet Sales Taxes

    26 days ago - By NY Times

    The Supreme Court's decision to expand states' ability to tax e-commerce sales hurt many online sellers. Except for the big one.
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  • Supreme Court Kills Quill, Gives States More Authority To Collect Sales Tax

    26 days ago - By Forbes

    As retailers pushed back, the question of what's fair game became more important. Today, the Supreme Court offered an answer: States have broad authority to require online retailers to collect sales taxes.
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  • Supreme Court Rules That Online Sellers May Collect State Sales Taxes On Purchases

    26 days ago - By NPR

    NPR Legal Affairs Correspondent Nina Totenberg discusses what the Supreme Court's ruling on online shopping means for sellers and state revenues.
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  • Amazon and other online retailers are getting hit after the Supreme Court rules that states can collect taxes on internet sales

    26 days ago - By Chron

    Pool/Getty Images
    The Supreme Court ruled Thursday that states may require online retailers to collect sales taxes.
    Shares of Amazon, Overstock.com, Etsy, Wayfair, and other retailers fell after the ruling was announced.
    Only five states do not collect a statewide sales tax.
    Shares of Amazon and other online retailers fell Thursday morning after the Supreme Court ruled that states could require tax collection on digital sales.
    Here's the scoreboard:
    Amazon: -1.3%
    Overstock.com: -2.31%
    Wayfair: -6.05%
    Etsy: -2.75%
    Thursday's decision in the case of South Dakota v.
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  • A Supreme Court Ruling Could Make Your Online Purchases More Expensive

    26 days ago - By Fortune

    In a close decision, the Supreme Court on Thursday determined that states can force internet retailers to collect sales taxes from shoppers even in states where they have no physical presence, handing traditional retailers and state governments a major victory.
    For years, brick-and-mortar chains have complained of an uneven battlefield in the e-commerce wars, saying they had to charge and collect sales taxes everywhere while e-commerce rivals did not, except in states where they had a physical presence such as a distribution center or a store. The issue has also been an irritant to state...
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  • With Billions At Stake, Supreme Court Rules States May Tax Online Retailers

    With Billions At Stake, Supreme Court Rules States May Tax Online Retailers

    26 days ago - By NPR

    The Supreme Court on Thursday held that states may impose sales taxes on Internet retailers with no physical presence within the state.
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  • Amazon, eBay, and Etsy stock are tanking after Supreme Court sales tax decision

    26 days ago - By Fast Company

    The decision overturns a 1992 rule that let internet commerce essentially operate tax free.
    The U.S. Supreme Court ruled today that states and local governments are able to collect sales taxes from online retailers that aren't charging them. This decision overturned a 1992 ruling, which allowed these platforms to use the internet as a tax-free haven. Now governments will be able to collect billions of dollars in local sales tax.
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  • Supreme Court Clears Way for Sales Taxes on Internet Merchants

    26 days ago - By NY Times

    The court overruled a 1992 decision that said the Constitution bars states from requiring businesses to collect sales taxes unless they have a substantial connection to the state.
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  • Amazon and other online retailers are getting hit after the Supreme Court rules states can collect taxes on internet sales

    Amazon and other online retailers are getting hit after the Supreme Court rules states can collect taxes on internet sales

    26 days ago - By Business Insider

    States may require online retailers to collect sales taxes, the Supreme Court ruled Thursday.
    Shares of Amazon, Overstock.com, Etsy, Wayfair and other retailers fell after the ruling was announced.
    Only five states do not collect a statewide sales tax.
    Shares of Amazon and other online retailers fell Thursday morning after the Supreme Court ruled that individual states can require tax collection on digital sales.
    Here's how stocks reacted:
    Amazon : -1.3%
    Overstock.com : -2.31%
    Wayfair : -6.05%
    Etsy : -2.75%
    Thursday's decision in the case of South Dakota vs. Wayfair overturns a 1992 ruling...
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  • Wall Street falls as Amazon weighs, trade worries linger

    26 days ago - By Reuters

    U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.
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  • High Court: Online shoppers can be forced to pay sales tax

    26 days ago - By Chron

    WASHINGTON - The Supreme Court says states can force online shoppers to pay sales tax.
    The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that impacted online sales tax collection.
    The high court ruled Thursday to overturn those decisions. They had resulted in some companies not collecting sales tax on every online purchase. The cases the court overturned said that if a business was shipping a product to a state where it didn't have a physical presence such as a warehouse or office, the...
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  • U.S. top court lets states force online retailers to collect sales tax

    26 days ago - By Reuters

    WASHINGTON - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding with South Dakota in its high-profile fight with e-commerce companies.
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