Friday, January 16, 2009

Run! The Fear of Online Shopping Taxes

“You know you’re making too much money when the government decides to increase your tax burden.”

-- Sucharita Mulpuru, senior analyst at Forrester Research, during the National Retail Federation’s annual conference in New York City, on a recent tax law allowing New York to collect sales tax from online retailers with no physical presence in the state.

Online retailers aren’t happy campers (and I can’t imagine consumers are thrilled either). Some are attempting to fight back, but so far, Amazon and Overstock are already being left in the dust. Read more here.

1 comment:

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