Inspan Infotech announced to unveil the new ViewSonic VA1938w LED backlit display in the 19-inch range of monitors across India. The new ViewSonic VA1938w monitor is designed with the attractive features. The device has an 18.5-inch large screen display. It supports resolution of 1366 x 768 pixels, which is of a 16:9 aspect ratio. The […]
Posts Tagged ‘Borders’
With the US still dealing with a recession, companies and governments are looking at every possible source of income. One of those that has remained untapped by a good majority of the states is potential tax on items being sold over the internet. This is an area where many consumers were safe from the taxes of the government.
The following was courtesy of Yahoo.com
Following the lead of tax-hungry New York, 22 states and hundreds of retailers have joined a group called the Streamlined Sales Tax Governing Board. The goal of the group is to simplify the methods by which sales taxes are calculated, collected, and transmitted online by creating a set of tax rules that rolls the thousands of state, county, and city tax codes into a single, simplified code. And the SSTGB also wants to make those rules apply to all online purchasers, even those across state lines, not just buyers in the same state as the seller’s offices. The SSTGB already has some of the biggest retailers around in its pocket, including Wal-Mart, Borders, and J.C. Penney.
Of course, not everyone is thrilled about the prospect of the e-taxman. Amazon is famously suing New York for its requirement that the company collect sales taxes for all sales to New York, despite the fact that Amazon doesn’t have a physical presence there. It is collecting those taxes, though, in the meantime, as the case works its way to court.
Overstock, however, is not collecting those taxes, having fired 3,400 of its New York-based affiliates in order to skirt the NY legislation. (The recently-enacted law claims that locally-based “affiliates,” which collect a commission on referrals for sales of products sent on to a third-party retailer, constitute a physical nexus in the state and thus make the retailer responsible for tax collection.) Overstock is also suing New York over the law.
This issue is far from over and we can expect to see more discussion of it in the news as the 2009 fiscal calendar is only a few weeks away. So for now enjoy your tax free purchases until the taxman comes calling.