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Amazon only agreed to collect the 6.6% state sales tax, but there was no requirement to collect local sales taxes, which can bring total tax close to 10%. [16] This was an agreement between Amazon and Arizona, which mainly centered on Amazon's tax obligations because it maintains warehouses in Arizona.
Some early research indicated that tax collections were. Once exempt from most state and local sales taxes, Amazon.com Inc. (NASDAQ: AMZN) now collects the taxes in at least nine states, including ...
And now, states in desperate need of more tax revenue are trying to do. Most people pay their taxes voluntarily. With at least one type of tax, though, millions of Americans break the law every ...
On Monday, the U.S. Senate passed the Marketplace Fairness Act, which would give states the ability to require Internet retailers with more than $1 million in out-of-state sales to collect sales tax.
Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
That state tax refund you just got is a nice little chunk of change; but, before you spend it, ask yourself this: ... Among states that collect income tax, the rules vary. Many states mandate that ...
Illinois (1967) and Quill Corp. v. North Dakota (1992), retailers, including catalog and online sellers, only need to collect sales and use tax for states where they have a physical presence. [8] [9] If an online retailer does not collect sales tax at the time of purchase, the consumer must pay the use tax due directly to the state. While ...
Whether or not your refund is taxable depends on how you filed your taxes and what deductions you claimed. Here's what you should know.