This is huge, pay attention
Author: Dan Horn | Filed under: Business
New York to Implement an ‘Amazon Tax’
|
| “NY Governor David Paterson is expected to sign a bill requiring online retailers to collect sales taxes on purchases shipped to the state, even if they have no operations or employees working there. The so-called ‘Amazon tax’, which applies to Internet retailers who derive sales through affiliate programs, would end what for many New Yorkers had been tax-free shopping and generate an estimated $50M in revenue this fiscal year. Experts predict that other states could follow suit with similar provisions.” |
|
|
If this starts to apply to all internet purchasing it will destroy the ecommerce industry. If it is mandated as retro for any period of time the hotel industry along will collapse under the financial impact.
This entry was posted
on Saturday, April 12th, 2008 at 1:08 pm and is filed under Business.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.