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Amazon, NY Governor Battle Over Online Sales Tax

Amazone and NY Governor Battle it Out Over Online Sales Tax
New York State Governor Elliot Spitzer has launched an effort to collect state sales tax on goods purchased online. The governor has said that forcing online retailers, such as, to collect the taxes would send an influx of $47 million to Albany.

Amazon is fighting the proposal tooth and nail. New York consumers are sure to not support the idea, but local merchants and small business owners think it's about time that online giants like Amazon lose their tax-free advantage.

Spitzer's budget proposal, which includes the online sales tax, faces an uphill battle. As if opposition from online retailers and consumers wasn't enough, law and precedent may not be on his side either. In 1992 the U.S. Supreme Court ruled that states could not force online retailers to collect sales taxes unless they had a physical retail outlet in the state.

New York currently collects sales taxes from online sales from companies with brick and mortar locations in the state.

From AOL Money & Finance

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Tags: amazon, government, new york, NewYork, online, retail, taxes, web



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