The Supreme Court just issued a major ruling on how online retailers can charge sales tax. Here’s what it means for Amazon. (AMZN)

AmazonGetty/Rick T. Wilking

The United States Supreme Court ruled in favor of South Dakota in Wayfair vs. South Dakota on Thursday.
The decision paves the way for states to collect sales tax on online purchases that cross state lines, even if the retailer does not have a physical presence in that particular state. 
It likely won’t have a big impact on Amazon, as the US’ largest e-commerce retailer already charges sales tax in the 45 states that require it.

The United States Supreme Court released a major decision about online sales tax on Thursday, but the country’s largest e-commerce company is largely inoculated against any fallout from it. 

The decision paves the way for states to force online merchants to collect sales tax on orders from residents, regardless of where the company itself exists. Previously, federal law stated that a state could only force an online store to collect sales tax if it had a “physical presence” in that state.See the rest of the story at Business Insider

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Original Article : HERE ; This post was curated & posted using : RealSpecific

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