By Lisa M. Bowman
Staff Writer, CNET News.com
February 6, 2003, 8:46 AM PT
Several large retailers this week began collecting sales tax on Internet purchases.
The move arose from an agreement among about 38 states and the District of Columbia that went into effect this week. The deal was struck last fall after states complained that they've been losing billions in tax revenue as online sales rise.
In exchange for signing onto the agreement, the retailers will not be held liable for back sales taxes they may owe, according to people familiar with the agreement.
Those involved would not say which retailers agreed to the deal, but retailers including Toys "R" Us, Wal-Mart and Target recently posted new policies on sales taxes. Amazon.com, which has partnerships with Target.com, MarshallFields.com and Mervyns.com to sell items online, notified customers of the change through a posting on its site.
full article
map of states participating
credit nukem
Staff Writer, CNET News.com
February 6, 2003, 8:46 AM PT
Several large retailers this week began collecting sales tax on Internet purchases.
The move arose from an agreement among about 38 states and the District of Columbia that went into effect this week. The deal was struck last fall after states complained that they've been losing billions in tax revenue as online sales rise.
In exchange for signing onto the agreement, the retailers will not be held liable for back sales taxes they may owe, according to people familiar with the agreement.
Those involved would not say which retailers agreed to the deal, but retailers including Toys "R" Us, Wal-Mart and Target recently posted new policies on sales taxes. Amazon.com, which has partnerships with Target.com, MarshallFields.com and Mervyns.com to sell items online, notified customers of the change through a posting on its site.
full article
map of states participating
credit nukem