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Taxes Will Be Imposed On All Online Retail Sales Out of New York.

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posted on Apr, 16 2008 @ 04:36 PM
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NY'S AUDIT THREAT TO 'NET SHOPS


www.nypost.com

April 14, 2008 -- ALBANY - Online retailers based outside New York state, such as Amazon.com, could face audits and bills for back taxes going back years unless they agree to start collecting sales tax for the state by June 1, The Post has learned.

A law adopted as part of the new state budget requires out-of-state online retailers to pay state and local sales taxes on purchases from New York.
(visit the link for the full news article)



[edit on 4/16/2008 by die_another_day]




posted on Apr, 16 2008 @ 04:36 PM
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Wow... So now we have to pay taxes on everything we buy online.

In the past few years, I've been buying most of my consumer electronics and commodities off the internet simply because I don't have to pay the taxes. (Yes, I pick the free shipping items too).

This will hinder online businesses.



The state Business Council, which already opposed the notion of requiring the online companies to charge sales taxes, was incredulous that the state was now threatening back-tax audits.


www.nypost.com
(visit the link for the full news article)



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