Overstock.com is joining Amazon in suing New York state for its recently implemented tax law which would require online retailers who make sales to NY state residents to collect NY state taxes. Amazon filed suit in late April. Personally, I think tax strategies like this hurt the state more than help it because it penalizes small businesses who are less likely to be able to comply with arcane tax collection for over 6,000+ tax districts.
Ultimately, it will be up to the courts and since this contains a federal question, it is one that the Supreme Court has jurisdiction over.
Source: CNET.com
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This entry was posted on Monday, June 2nd, 2008 at 7:48 am and is filed under Publishing News. Tagged: Amazon, High-book-prices, Overstock, publishing business. You can feed this entry.
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Jane is a long time romance reader whose passion is, you guessed it, reading. She's currently loving contemporary authors like Sarah Mayberry and Kristan Higgins but her first love will always be the historical. Some of her old time favorites are Amanda Quick and Johanna Lindsey and some of the new favorites are Sherry Thomas, Joanna Bourne and Claudia Dain.
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