Amazon shoppers will probably pay sales tax on more of their purchases this holiday season.
Right now, consumers pay tax on goods purchased directly from Amazon, but they don't in many cases if they buy from third-party merchants on the e-commerce giant's marketplace. That could change on Dec. 1, when some merchants are expected to start collecting taxes in exchange for partial amnesty from back taxes in about half of U.S. states—among them Florida, New Jersey and Texas.
The deadline to apply for the multistate offer is Oct. 17, and it's not clear how many merchants will sign on. Because so many have complained about the tight timeline, the states are holding a meeting on Wednesday to decide whether to extend the deadline.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
