Thursday, April 24, 2014

Sales Tax Wars (of life finds a way)

Like drunken gamers studies are staggering out of various think-tank doors . . . these latest have tracked the affects of sales tax on Amazon stores. A bundle of states passed laws charging the online retailer a sales tax. It forced Amazon to pull some of its programs from those states, but was supposed to drive business to brick and mortar.

It failed.

Sales dropped 10-24%, however brick and mortar only picked up 2%. This is largely due to people using the Amazon marketplace and the smaller vendors.

Like they said about life in Jurassic Park….it will find a way. Same goes for avoiding taxes…people will find a way.

Read more.

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