Wednesday, April 4, 2018

TRUMP'S FICTIONAL TAX WAR ON AMAZON

Just to clear some fiction up, see:

Amazon currently collects and remits sales taxes for sales made directly by Amazon, as opposed to its third-party sellers, to all forty-five states with a statewide sales tax. Amazon supports the Marketplace Fairness Act that requires remote sellers to collect sales taxes.
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Amazon offers its third-party sellers an optional sales tax collection service for a 2.9 percent fee (based on the collected sales taxes). To the extent existing third-part sellers purchase the sales tax service, Amazon benefits.

The imposition of sales tax on remote sellers, including Amazon's third-party sellers, might help in-state retailers by leveling the playing field with online competitors. However, the expansion of sales taxes to remote sellers will benefit Amazon.

https://www.cnbc.com/2018/04/02/how-amazon-will-win-the-tax-war-with-trump.html

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