Friday, June 22, 2018

Target, Best Buy laud Supreme Court decision allowing states to collect taxes from online retailers

Star Tribune
Minnesota's biggest retailers heralded the U.S. Supreme Court's decision on Thursday to clear the way for states to require companies such as Amazon and Wayfair to collect sales tax.

Brick-and-mortar businesses, including Target Corp. and Best Buy Co. Inc., have long complained that they are disadvantaged by having to charge sales taxes while many of their online competitors do not. States have said that they are missing out on tens of billions of dollars in annual revenue under a 1992 Supreme Court ruling that helped spur the rise of internet shopping.. . . more