Hickenlooper missed his chance on Amazon tax

Wednesday 10th of March 2010 10:21:58 PM
Posted by admin / Under Ecommerce Web

Amazon’s move to drop its Colorado associates so soon after Gov. Ritter signed a new law creating a so-called “Amazon tax” is regrettable – but not shocking. There were plenty of signals that repealing a tax exemption for online retailers would face legal challenges and possibly just such a move as Amazon launched today. The Post editorial board was among critics who warned the new law looked awfully problematic for such little gain . John Hickenlooper missed a golden opportunity in not weighing in on this tax. Score one for McInnis. Suddenly he looks like the prescient one while Denver’s...

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IRS to Track Online Sellers' Payment Transactions Beginning Next Year

Wednesday 10th of March 2010 10:21:58 PM
Posted by admin / Under Ecommerce Web

Internet sellers who don't report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments. Purpose of Reporting The IRS believes that many online sellers fail to report their transactions. Some don't report because they mistakenly believe that Internet sales are invisible. Others do so because they are trying to evade taxes. The IRS has found...

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Amazon Cuts Off Colo. Affiliates Because of Tax (Internet Sales Tax)

Wednesday 10th of March 2010 10:21:58 PM
Posted by admin / Under Ecommerce Web

DENVER – Amazon.com Inc. cut ties Monday with Colorado online businesses that help it sell products because of a new state law aimed at getting out-of-state, online retailers to collect sales tax. The move hurts businesses — many of them small, home-based operations — that earn money by using their Web sites and blogs to link customers to online retailers. Colorado has at least 4,200 such businesses, known as affiliates or associates, accounting for about 5,000 jobs, and most of them rely on Amazon to some degree, according to their trade group, the Performance Marketing Association. The group's executive director,...

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VA: ‘Amazon’ sales tax collection bill clears Senate (Republicans pushing taxes)

Wednesday 10th of March 2010 10:21:58 PM
Posted by admin / Under Ecommerce Web

Legislation requiring online retailers to collect Virginia's 4.5 percent sales tax -- the so-called "Amazon Bill" -- easily cleared the Virginia Senate this morning and is headed to the House of Delegates, where opponents hope it falls prey to that chamber's hostility to taxes. Senate Bill 660, by Republican Emmett W. Hanger Jr. of Augusta, was approved, 28-12. The measure is a priority among traditional, bricks-and-mortar retailers, who say they can't compete with online businesses that currently don't have to collect the tax on Virginia sales. Foes say the legislation is a jobs-killer; that it would force Internet businesses here...

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The Fight Over Who Sets Prices at the Online Mall (corporate price fixing)

Wednesday 10th of March 2010 10:21:58 PM
Posted by admin / Under Ecommerce Web

...To see how much these items cost, shoppers must add the merchandise to their shopping carts — in effect, taking it up to the virtual register for a price check... In many cases that freedom stems from a 2007 Supreme Court ruling in the case of Leegin Creative Leather Products v. PSKS. The ruling gave manufacturers considerably more leeway to dictate retail prices, once considered a violation of antitrust law, and it set a high legal hurdle for retailers to prove that this is bad for consumers. ...retailers say manufacturers have become increasingly aggressive with one tool in particular: forbidding...

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