Worldwide

Supreme Court to hear sales tax collection case

Supreme Court to hear sales tax collection case”

The Supreme Court agreed Friday to reconsider one of the most contentious issues in the business world: whether online retailers must collect sales taxes. This represents an opportunity for the Supreme Court to issue much-needed guidance on this issue while reasserting necessary limits on state taxing authority.

South Dakota passed a law two years ago with the intention of overturning the ruling by demanding retailers with more than $100,000 in annual sales pay a 4.5 percent tax on all sales.

Similar legislation was introduced past year with bipartisan support, but the effort has stalled in Congress because House Judiciary Committee Chairman Bob GoodlatteRobert (Bob) William GoodlatteRosenstein to testify before House Judiciary Committee next week Conservative pressure on Sessions grows Clock ticking down on NSA surveillance powers MORE (R-Va.) has wanted to take a different approach on the issue.

States and counties told the court they lose between $13 billion and $34 billion each year because they can not collect sales taxes on all online purchases.

But many states are now ignoring the Quill decision, and absent the Court's action-or legislation from Congress-this will result in a complex and indefensible patchwork of laws harming interstate commerce. North Dakota. That decision was "questionable even when decided", and is "now inflicting extreme harm and unfairness on the states", Kennedy wrote in a concurring opinion.

Gorsuch, the newest Supreme Court justice, suggested skepticism about Quill as an appeals court judge.

"The Court's decision to grant South Dakota's petition is an important signal for retailers that invest in storefronts and jobs in local communities", said Deborah White, general counsel and retail litigation center president for the Retail Industry Leaders Association.

The justices also said they will review several legislative districts in Texas to decide whether they were drawn to dilute the voting power of Latinos.



Like this

loading...
loading...

Latest


15 March 2018
Server Requirements for Mass Mailing
The first means that the error occurred on the receiving side: maybe the client's account was blocked, or something else happened. Running your own email server may sound like a science fiction, and it may seem that it’s impossible to handle such thing.

13 January 2018
Ant Financial's acquisition of Moneygram blocked by White House
The Chinese behemoth was forced to raise its initial offer for MoneyGram back in April after Euronet stepped into the fray. But the deal faced intense scrutiny from a government panel that has become more active in blocking Chinese investments.

13 January 2018
(NYSE:CVX) Holdings Trimmed by United Bank VA
Susquehanna Group Limited Liability Partnership holds 0% of its portfolio in Chevron Corporation (NYSE:CVX) for 30,252 shares. Following the completion of the transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022.

13 January 2018
Avis Budget Group (CAR) Reaches New 52-Week High at $47.35
Proshare Advsr Limited stated it has 10,500 shares or 0% of all its holdings. 24,496 are owned by Rbf Cap Limited Liability Corp. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.

13 January 2018
United Nations hails talks between North, South Korea
At Saturday's Camp David news conference, Trump also spoke of his willingness to hold phone talks with Kim. After the talks, the two Koreas made a decision to hold military talks on easing border tensions.

13 January 2018
Deputy shoots suspect vehicle after man rams patrol auto
When the driver put the Honda in reverse and tried to run him down, the deputy fired two shots through the window of the auto . Investigators gathered enough evidence linking him to the shooting, so he was booked on first-degree murder charges.

13 January 2018
Trending Stock Buzz: Tandem Diabetes Care (TNDM)
The stock of Chevron Corporation (NYSE:CVX) has "Buy" rating given on Thursday, December 1 by Independent Research. It may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system.

13 January 2018
Vodafone Group Plc (VOD) Given Consensus Recommendation of "Buy" by Brokerages
Macquarie reaffirmed an "underperform" rating on shares of Vodafone Group in a research note on Monday, September 18th. Baidu had 56 analyst reports since July 28, 2015 according to SRatingsIntel. (NASDAQ:AAPL) on Tuesday, October 3.

13 January 2018
Santander Consumer USA (SC) Earning Somewhat Positive News Coverage, Report Finds
Canyon Capital Advisors Llc sold 280,531 shares as the company's stock declined 16.81% while stock markets rallied. Santander Consumer USA Holdings Inc has a twelve month low of $11.12 and a twelve month high of $18.89. (NYSE:SC).

13 January 2018
Royal Dutch Shell plc (RDS.A) EPS Estimated At $0.77
The energy company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.32). In a research report shared with investors on 8 January, Morgan Stanley reiterated their Top Pick rating on shares of RDSA.