online retailers

Dennis Faas's picture

'Amazon Tax' coming to New York State

New York's state legislature passed a budget earlier this month that includes a provision requiring online retailers to collect all applicable taxes at the behest of the state. Individuals shopping online had previously been able to dodge paying ... local taxes since online retailers were not responsible for their collection. Instead, New York as well as most other states require individuals to voluntarily declare items bought from out of state retailers, in their annual income tax filings. The 'Use Tax' puts the onus on the individual to pay their owing taxes on items purchased. In reality, ... (view more)

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