Mon Apr 16, 2018, 03:06 AM
TexasTowelie (80,300 posts)
South Dakota e-commerce sale tax fight reaches U.S. Supreme Court
WASHINGTON (Reuters) - A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses.
South Dakota is asking the nine justices to overturn a 1992 Supreme Court precedent that states cannot require retailers to collect state sales taxes on purchases unless the businesses have a “physical presence” in the state. The state, appealing a lower court decision that favored Wayfair Inc (W.N), Overstock.com Inc (OSTK.O) and Newegg Inc, is being supported by President Donald Trump’s administration. A ruling favoring South Dakota could help small brick-and-mortar retailers compete with online rivals while funneling up to $18 billion into the coffers of the affected states, according to a 2017 federal report. Read more: https://www.reuters.com/article/us-usa-court-taxes-preview/south-dakota-e-commerce-sale-tax-fight-reaches-u-s-supreme-court-idUSKBN1HM0G1
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3 replies, 915 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
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Author | Time | Post |
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TexasTowelie | Apr 2018 | OP |
Sherman A1 | Apr 2018 | #1 | |
elleng | Apr 2018 | #2 | |
MichMan | Apr 2018 | #3 |
Response to TexasTowelie (Original post)
Mon Apr 16, 2018, 06:16 AM
Sherman A1 (33,656 posts)
1. This will be interesting
To watch and have repercussions either way it is decided.
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Response to TexasTowelie (Original post)
Mon Apr 16, 2018, 02:10 PM
elleng (103,588 posts)
2. Important.
Response to TexasTowelie (Original post)
Mon Apr 16, 2018, 07:59 PM
MichMan (4,045 posts)
3. Many states have use taxes that need to be paid whether or not the merchant charges for them
I sure everyone of DU submits the proper amount of "use tax" when they file taxes for those on line purchases that don't charge sales tax
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