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California tells online retailers to start collecting sales taxes from customers

Posted By admin On June 30, 2011 @ 6:13 am In U.S. News | Comments Disabled

Marc Lifsher
Los Angeles Times [1]
Thursday, June 30, 2011

Reporting from Sacramento — Shopping at Amazon.com Inc. and other major Internet stores is poised to get more expensive.

Beginning Friday, a new state law will require large out-of-state retailers to collect sales taxes on purchases that their California customers make on the Internet — a prospect eased only slightly by a 1-percentage-point drop in the tax that also takes effect at the same time.

Getting the taxes, which consumers typically don’t pay to the state if online merchants don’t charge them, is “a common-sense idea,” said Gov. Jerry Brown, who signed the legislation into law Wednesday.

The new tax collection requirement — part of budget-related legislation — is expected to raise an estimated $317 million a year in new state and local government revenue.

Full story here. [1]

California tells online retailers to start collecting sales taxes from customers 030511banner3 [2]

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URLs in this post:

[1] Los Angeles Times: http://www.latimes.com/business/la-fi-amazon-tax-20110630,0,4344787.story

[2] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Congress once again trying to push unconstitutional internet sales taxes: http://www.prisonplanet.com/congress-once-again-trying-to-push-unconstitutional-internet-sales-taxes.html

[5] Let’s Raise Taxes, Greenspan Tells CFR: http://www.prisonplanet.com/lets-raise-taxes-greenspan-tells-cfr.html

[6] Thousands of online banking customers have accounts emptied by ‘most dangerous trojan virus ever created’: http://www.prisonplanet.com/thousands-of-online-banking-customers-have-accounts-emptied-by-most-dangerous-trojan-virus-ever-created.html

[7] 125 shopping days left: Retailers start Xmas deals: http://www.prisonplanet.com/125-shopping-days-left-retailers-start-xmas-deals.html

[8] U.S. retailers see holiday sales weakest since 2008: http://www.prisonplanet.com/u-s-retailers-see-holiday-sales-weakest-since-2008.html

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