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The amazon law: Will you pay web sales tax?

✍ Scribed by Blaise M. Sonnier


Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
191 KB
Volume
21
Category
Article
ISSN
1044-8136

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✦ Synopsis


Abstract

Increased sales taxes can certainly impact a company's cash flow. Unfortunately, in this recession, tax revenues have dropped for the states, so they are looking for ways to boost taxes. One idea is to tax sales made over the Internet by state residents. New York has led the way with the 2008 “Amazon Law,” taxing online purchases by state residents if the online retailer has “affiliates” in New York. And many other states have considered similar legislation. Will your company soon be paying more Web sales tax? What strategies might help avoid this obligation? © 2009 Wiley Periodicals, Inc.