Tax on Internet Sales: So Far Not the End of the World As We Know It
- Nov 29, 2012 | Gail Cole
Residents of California, Kansas, Kentucky, New York, North Dakota, Pennsylvania, Texas and Washington pay their state sales tax on Amazon.com purchases, but they're still shopping online.
Shoppers nationwide spent more than $1 billion dollars on online purchases on this year's Black Friday, and "Amazon.com was the most-visited retail website on Black Friday, and it also posted the highest year-over-year visitor growth rate among the top five retailers." Wow. Did that impact Cyber Monday? No, it did not. In fact, more internet sales were made on Cyber Monday this year than in any other year.
Does your business sell online? Find out if you're ready to collect online sales tax.