Thursday, May 3, 2012

Online sales taxes uncollected states

  • COLUMBIA -- A new study suggests Missouri is losing nearly $500 million a year by not collecting sales tax on products sold online by out-of-state companies.
  • (Kansas City Star)
  • A DEAL IN TEXAS: Online retailer Amazon.com Inc. reached After officials concluded last year that the company owed $269 million in uncollected sales taxes, Amazon closed a distribution center in the state and argued it did not qualify under the law.
  • (AP - msnbc.com)
  • consumers in states with sales taxes are required to pay the tax on purchases they make online, even if the merchant doesnt collect it at checkout. But most consumers are either unaware of that obligation or ignore it, so the tax goes largely uncollected.
  • (Auctionbytes.com)
  • NetChoice submitted testimony to the committee that documented harm the proposal would cause to small online retailers and Jeffrey Eisenach, uncollected sales tax on e-commerce in 2012 is only 1/3 of one percent of total state and local tax revenue.
  • (Consumer Electronics Net)
  • States note they are losing billions of dollars a year in uncollected taxes from Internet authorize states that meet certain criteria to require online retailers to collect sales taxes from out-of-state customers.
  • (NationalJournal.com)
  • (Crains) — A Cook County Circuit judge ruled against the state of Illinois in its attempt to tax online as Amazon for sales made to customers here.
  • (Crain's Chicago Business)
  • The court found that the retailer owes the state $534,563.11 in uncollected sales tax and interest on online sales to New Mexico residents between Jan. 31, 1998, and July 31, 2005.
  • (InternetRetailer.com)
  • As gift cards exit New Jersey, this incremental spending is eliminated from the market, lowering total retail sales in New Jersey. Any decrease in New Jerseys retail sales would also result in a decrease in the states sales and use tax revenue.
  • (YAHOO!)

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