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Online sales tax decision

tyrguy
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tyrguy Collaborator

tyrguy

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SCOTUS just ruled that online sellers have to charge sales tax to all online buyers. This is huge. So many times when matching Tire Rack the sales tax puts us at a disadvantage. No more. It's about time!

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Alex

Alex

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Very interesting ruling today and it'll be interesting to see how it affects smaller online sellers. Larger ones like Amazon already comply in some states and will easily implement it, but what about their marketplace sellers that don't charge tax? ebay is another one....

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It’s a huge win for vendors with physical storefronts, which have long argued that their online counterparts enjoyed an unfair advantage because they didn’t have to charge customers local sales tax. Local governments may also see a windfall as a result of the ruling, as the government estimates that between $9 billion and $13 billion in potential tax revenue is left on the table, thanks to earlier Supreme Court decisions on the taxation of online purchases.  https://techcrunch.com/2018/06/21/states-will-be-able-to-charge-sales-tax-on-online-purchases-thanks-to-the-supreme-court/

 

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Truett Enthusiast

Truett

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22 hours ago, Alex said:

Very interesting ruling today and it'll be interesting to see how it affects smaller online sellers. Larger ones like Amazon already comply in some states and will easily implement it, but what about their marketplace sellers that don't charge tax? ebay is another one....

 

They will have to start charging tax for any state that charges sales tax. Some states do not charge a sales tax.

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Alex

Alex

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3 minutes ago, Truett said:

They will have to start charging tax for any state that charges sales tax. Some states do not charge a sales tax.

That's a good point about some states that do not charge sales tax. There's also suggestions being made about having an online sales tax amount that is the same across state borders, so we'll see where that goes. 

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