03-29-2017, 12:15 PM
"Amazon will now collect sales tax in all 46 states that have a sales tax."
Amazon's strategy is to lobby congress for a bill that imposes that all internet commerce, everywhere, be required to collect sales tax and remit it to all the states and municipalities wherever the buyers are located. This would effectively eliminate all the internet "mom and pop" shops that don't have the means to setup 46+ sales tax merchant accounts and keep track of the auditing and monthly, quarterly, and yearly filings and remittances. Jeff Bezos (the owner of Amazon) isn't happy destroying all the brick-and-mortar stores, he wants to eliminate as much of the online competition as possible to. The primary reason he bought the Washington Post in 2013 was to influence public opinion against describing amazon as a monopoly.
Amazon's strategy is to lobby congress for a bill that imposes that all internet commerce, everywhere, be required to collect sales tax and remit it to all the states and municipalities wherever the buyers are located. This would effectively eliminate all the internet "mom and pop" shops that don't have the means to setup 46+ sales tax merchant accounts and keep track of the auditing and monthly, quarterly, and yearly filings and remittances. Jeff Bezos (the owner of Amazon) isn't happy destroying all the brick-and-mortar stores, he wants to eliminate as much of the online competition as possible to. The primary reason he bought the Washington Post in 2013 was to influence public opinion against describing amazon as a monopoly.