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Yvonne Garth

Internet Sales Tax Fairness | The New Rules Project - 1 views

  • In a 1992 decision, Quill v. North Dakota, the U.S. Supreme Court ruled that retailers are exempt from collecting sales taxes in states where they have no physical presence, such as a store, office, or warehouse.   (The legal term for this physical presence is "nexus.")    Although the case dealt with a catalog mail-order company, the ruling has subsequently been applied to all remote sellers, including online retailers. The Court said that requiring these companies to comply with the varied sales tax rules and regulations of 45 states and some 7,500 different local taxing jurisdictions would burden interstate commerce.
    • Yvonne Garth
       
      Here's an article on the "U.S. Supreme Court ruling on online Internet sales in North Dakota."
  • In a 1992 decision, Quill v. North Dakota, the U.S. Supreme Court ruled that retailers are exempt from collecting sales taxes in states where they have no physical presence, such as a store, office, or warehouse.   (The legal term for this physical presence is "nexus.")    Although the case dealt with a catalog mail-order company, the ruling has subsequently been applied to all remote sellers, including online retailers. The Court said that requiring these companies to comply with the varied sales tax rules and regulations of 45 states and some 7,500 different local taxing jurisdictions would burden interstate commerce.
  • It disadvantages local businesses.  Exempting online retailers from having to collect sales tax, as regular stores must, gives these companies a 4 to 9 percent price advantage over local stores — a sizable competitive advantage in retailing.
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    Very good article on the subject of internet tax laws and the future.
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    Here is an article on how the "Internet Sales Tax Could Go National."
Yvonne Garth

States push harder for online sales tax collection - 0 views

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    "It's not known exactly how much in uncollected taxes is due to states from online sales, but a 2009 study from the University of Tennessee estimated that it could total $10.14 billion this year, assuming total e-commerce sales of $3.49 trillion. Only a fraction of this owed tax would result from consumer purchases, however, because most e-commerce sales are from one business to another."
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    Here is an article on the projected amount of monies states are losing in revenues by not collecting online sale taxes.
Yvonne Garth

Pontiac, Illinois News Article - Online Sales Tax Could Go National - Fri Apr 29, 2011 ... - 0 views

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    "A plan proposed by U.S. Sen. Dick Durbin, D-Ill., called the "Main Street Fairness Act," would create a national law that forces online retailers to start collecting sales taxes on purchases made over the Internet. Amounts will be based on each state's already existing sales tax rates."
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    Here is an article on how the "Internet Sales Tax Could Go National."
Yvonne Garth

TX bill expanding online sales tax collection OK'd - BusinessWeek - 0 views

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    "The Texas House approved a bill on Tuesday that would expand the number of Internet companies required to collect sales tax. The bill, which passed on a 122-23 vote, would change the definition of what it means to have a physical presence in Texas. State Rep. John Otto, R-Dayton, said it would force Internet-based companies like Amazon.com to collect sales taxes if they pay marketers in Texas to advertise for them."
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    Here is an article on how the Texas created a law in order to create online salex taxes.
Burks Oakley

Amazon Backs End to Online Sales Tax in California - NYTimes.com - 0 views

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    Good article about the issues related to online sales taxes
Burks Oakley

Amazon sales tax: The company's position on state sales tax is unfair and unethical. - ... - 0 views

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    Another good article about Internet sales taxes - arguments from both sides.
Burks Oakley

Amazon Takes Sales Tax War to California - NYTimes.com - 0 views

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    Important in the ongoing discussion about online sales taxes
Aaron Finder

http://www.ilounge.com/index.php/news/comments/illegal-downloading-hurting-music-sales/ - 0 views

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    This article tells how illegal music download may effect music sales
Burks Oakley

Editorial - Yes, You Owe That Tax - NYTimes.com - 3 views

    • Burks Oakley
       
      What about local municipalities? They are losing tax revenue as well.
  • They also cost the states billions of dollars a year in lost sales tax revenue — money that cash-starved states cannot afford to forgo.
Burks Oakley

Digital Domain - Sorry, Shoppers, but Why Can't Amazon Collect More Tax? - NYTimes.com - 0 views

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    Good article about Amazon and Internet sales taxes
Morgan Diffenderfer

Drugs Sold Online, No Prescriptions Needed on RxList - 0 views

  • The analysis showed that fewer web sites are selling and promoting controlled substances than last year (361 vs. 581); in the new report, 206 sites were found to advertise drugs and 159 offered drugs for sale. However, only two are "legitimate" pharmacy sites, meaning they have received certification by the National Association of Boards of Pharmacy as a Verified Internet Pharmacy Practice Site (VIPPS). To receive VIPPS accreditation, a pharmacy site must comply with the licensing and inspection requirements of their state and each state that they dispense prescriptions in.
  • Half of the sites that require prescriptions allowed faxed copies, creating a "significant opportunity for fraud." The drugs most frequently offered for sale were drugs such as Xanax and Valium, followed closely by opioid painkillers including hydrocodone (contained in drugs like Vicodin, Lortab), codeine, and oxycodone (contained in drugs such as OxyContin and Percocet). The number of sites offering stimulants for sale increased to levels not seen since 2004.
  • The report showed many sites do not require prescriptions: 85% of online pharmacy anchor sites did not require a prescription to buy controlled drugs. Of that group, 42% specifically said that no prescription was needed. 13% never mentioned a prescription. 45% offered an "online consultation." The study also shows that many sites get their drugs from overseas: Slightly less than a fourth of online pharmacy anchor sites said the drugs would ship from a U.S. pharmacy. 40% said they'd come from outside the U.S. 36% didn't say where the drug would be shipped from.
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  • In April, the U.S. Senate passed a bill controlling Internet trafficking of controlled prescription drugs. The bill calls for federal certification of online pharmacies and prohibits the delivery, distribution, or dispensing of controlled substances online without a prescription issued by a practitioner who has conducted at least one in-person medical evaluation. The bill awaits House approval.
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    gives some statistics for users of online pharmacies
Jeffrey Kendall

File-sharers are content industry's "largest customers" - 0 views

    • Jeffrey Kendall
       
      proof that the artists in at least this country are still making similar revenue regardless of filesharing. The labels however are a different story.
    • Jeffrey Kendall
       
      An interesting idea for record labels to make up for the lack of revenue from selling albums but if labels are taking a cut from this then should they also offer a cut rate to their album sales with the increase of profit from this sector?
  • "360 deals"
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    Good look at how file sharing is affecting the record labels more so then the artists and how those who share files actually purchase more content then those who don't.
Burks Oakley

Online Stores Are Weaning Shoppers Off Sales - NYTimes.com - 0 views

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    Article about e-commerce - holiday shopping online
Lynn Banister

Verizon Wireless CEO Says iPhone Sales Strong - 1 views

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    It looks like the texting generation has nothing to worry about as these phones get faster all the time. After reading this I wondered, should I upgrade my phone or wait six months and something else will come out.
Lynn Banister

IPhones Power Apple's Growth - 0 views

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    The Wall Street Journal article from Thursday, April 21, 2011 discusses the boom in sales of the IPhone despite disaster in Japan and ill health of Steve Jobs. Just more proof that the U.S. is going mobile.
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