States Attempt to Cash In From Online Sales

Posted on: Friday, 3 July 2009, 12:40 CDT In light of the current economic recession, some states are seeking ways to detour the current laws that state that businesses which sell goods and services online are not obligated to pay sales taxes on sales to customers outside of the state they reside. More and more, customers are turning to online retailers such as Amazon.com Inc. as sales continue to rise, but many states are now hoping to get their cut from such sales based on the presence of online affiliates who link to products on their Web sites to increase sales. But states may not see their cut from such initiatives, because as they begin to propose changes to tax laws, online retailers like Amazon are beginning to cut ties to their affiliates, which could amount to an overall loss in tax revenue rather than a small... [read full story]                    

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