Supreme Court Rules States Can Collect Taxes On Internet Sales



Amazon falls after the Supreme Court rules states can collect sales tax

supreme court Pool/Getty Images

Shares of Amazon and other online retailers fell Thursday morning after the Supreme Court ruled that individual states can require tax collection on digital sales.

Here's how stocks reacted:

Thursday's decision overturns a 1992 ruling which limited tax collection by retailers for online sales, regardless of the state where a shopper lives or if the company has a physical presence in that state.

Only five states do not have a state-wide sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. However, Alaska and Montana allow individual individual cities to collect local sales taxes, according to the Tax Foundation.

The ruling is widely seen as a victory for brick-and-mortar stores, who said that online retailers' ability to skirt sales tax requirements gave them an advantage.

Shares of Amazon are up 49% since the beginning of 2019.






Video: Ruth Bader Ginsburg on Same-Sex Marriage, Women's Rights, Health

Amazon falls after the Supreme Court rules states can collect sales tax
Amazon falls after the Supreme Court rules states can collect sales tax images

2019 year
2019 year - Amazon falls after the Supreme Court rules states can collect sales tax pictures

Amazon falls after the Supreme Court rules states can collect sales tax recommendations
Amazon falls after the Supreme Court rules states can collect sales tax recommendations photo

Amazon falls after the Supreme Court rules states can collect sales tax pictures
Amazon falls after the Supreme Court rules states can collect sales tax foto

Amazon falls after the Supreme Court rules states can collect sales tax Amazon falls after the Supreme Court rules states can collect sales tax new images
Amazon falls after the Supreme Court rules states can collect sales tax new picture

pics Amazon falls after the Supreme Court rules states can collect sales tax
picture Amazon falls after the Supreme Court rules states can collect sales tax

Watch Amazon falls after the Supreme Court rules states can collect sales tax video
Watch Amazon falls after the Supreme Court rules states can collect sales tax video

Discussion on this topic: Amazon falls after the Supreme Court rules , amazon-falls-after-the-supreme-court-rules/
Communication on this topic: Amazon falls after the Supreme Court rules , amazon-falls-after-the-supreme-court-rules/ , amazon-falls-after-the-supreme-court-rules/

Related News


How to Bathe a Pregnant Dog
Instagram Now Lets You Follow Hashtags — Heres How To Do It
How Do I Remove My Profile From Plenty of Fish
Kate Middleton, Meghan Markle, and the queen honor veterans in black
Why sex dolls are becoming popular in Japan
Nesiritide
NFL cheerleaders controversy
21 Trendy Long Hairstyles: Get The Most From Your Hair
Theres a widespread misconception about where Rowling got the idea for the Leaky Cauldron
Healthy Memory-Boosting Eats



Date: 16.12.2018, 21:31 / Views: 64362


Back to Top