Thursday, April 12, 2018

U.S. Supreme Court takes up state online sales tax dispute

Reuters
The U.S. Supreme Court on Friday agreed to decide whether to let states require online retailers to collect billions of dollars in sales tax, taking up South Dakota’s dispute with three e-commerce companies.

South Dakota, appealing a lower court decision that favored Wayfair Inc, Overstock.com Inc and Newegg Inc, is asking the justices to overturn a 1992 Supreme Court ruling that companies with no physical presence in a state are not required to collect a state sales tax on purchases.

Some online retailers, including leading player Amazon.com Inc, already collect state sales tax but others do not. . . . more