As Amazon Grows, So Does the Number of States Collecting Taxes on Online Sales

RSS

Amazon is now collecting sales taxes in 14 states in which it has a physical presence. The online retailer is also a supporter of the Marketplace Fairness Act, which grants those states who have simplified their tax laws the authority to compel remote sellers, i.e., Internet and catalog sellers, to collect sales tax as the time of a transaction.

The number of states that will collect taxes on sales made to customers of online behemoth Amazon.com grew by one more—Wisconsin—earlier this month. According to this Reuters report, Amazon, which will begin operating a distribution center in Kenosha, Wis., will begin collecting sales tax on Amazon purchases effective November 1, 2013. Because the Internet retailer will have a physical presence in the state through its distribution center, it can begin collecting sales taxes. ...

Register for Complete Access (Valid Email Required)

Please register to get access to As Amazon Grows, So Does the Number of States Collecting Taxes on Online Sales as well as all of Business Finance's exclusive content.

Already registered? here.
What's Basis Points?

Karen Kroll supplies the Business Finance community with reporting and commentary examining cash management and treasury-related topics.

Blog Archive