Tuesday, March 6, 2018

Trump backs push to collect online sales tax

Chain Store Age

President Donald Trump is supporting traditional retailers when it comes to requiring states to collect sales taxes for online purchases.

President Trump’s stance backs an appeal by South Dakota that the Supreme Court should overturn a law passed in 1992 that says companies with no physical presence in a state are not required to collect a state sales tax on purchases. The change could generate billions of dollars in revenue, according to Reuters.. . . more