Sunday, June 01, 2008

New York to Tax Online Purchases

New York is so outrageous with its taxes. Starting today, they are going to start charging taxes on purchases made at online retailers - until today, they only charged taxes on online purchases from retailers who had a real physical presence (brick and mortar) in the state. Both Amazon.com and Overstock.com are suing the state and hoping for an injunction on this new law:

http://money.cnn.com/2008/05/30/technology/yang_amazon.fortune/index.htm

http://news.cnet.com/8301-10784_3-9956576-7.html?part=rss&subj=news&tag=2547-1_3-0-5

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