US Top Court Lets States Force Online Retailers To Collect Sales Tax
States may force online retailers to collect potentially billions of dollars in sales taxes, the US Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.
In a 5-4 ruling reviving a South Dakota law challenged by Wayfair Inc., Overstock.com Inc. and Newegg Inc., the justices overturned a 1992 high court precedent that had barred states from requiring businesses with no 'physical presence' there, like out-of-state online retailers, to collect sales taxes.
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