Saturday, April 12. 2008
In case living in New York wasn't already expensive enough, state lawmakers passed the "Amazon Tax" bill this week, which will require online retailers to collect sales taxes on purchases shipped to the state, even when they don't have physical operations there.
New York-based retailers have argued for years that the Amazon loophole gives out-of-state online shopping centers an unfair advantage. Technically, consumers are supposed to report purchases they make online on their tax returns, but virtually nobody does it and enforcement is impossible.
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