Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

Nov 12 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: puborectalis who wrote (91866)	1/22/2000 1:42:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

From Barrons: "What's the Use? It's a sales levy states hope to revive for taxing online retailing By Jim McTague New taxes may not pose an immediate threat to the rapid growth of Internet retailing, but old taxes certainly do. The 46 states with retail sales taxes are dusting off a little-known levy called the "use tax," created decades ago in response to catalogue sales, and recasting it as a tax on retail sales online. If they can overcome the obstacles to collecting the tax, which is exacted on residents' out-of-state sales, a perceived advantage enjoyed by Internet merchants could dwindle. Internet merchants aren't thrilled by the prospect of sales taxes, but they would tolerate them. Their big fear is that the states will concoct a tax-collection regime that is so inefficient and complex that it not only would sour online shoppers, but would also tie up merchants with red tape and otherwise reduce the cost edge they enjoy over old-style bricks-and-mortar merchants."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next