- China's Want Daily reports the government's State Administration of Taxation is studying an online sales tax and plans to impose one before 2015. Alibaba's (Pending:BABA) Tmall site (focused on sales from larger businesses) and JD.com (NASDAQ:JD) would reportedly be among the first sites affected.
- A JD.com exec says e-commerce companies are expecting a sales tax to be implemented on a large scale. A seller on Alibaba's Taobao site notes many smaller merchants (Taobao's specialty) haven't registered their businesses, something that could make tax collection difficult.
- With Chinese online retail sales having totaled an estimated $305.8B in 2013 (per iResearch), e-commerce has grown to account for a sizable chunk of China's economy. Dangdang (NYSE:DANG) and Vipshop (NYSE:VIPS) are two other names that stand to be affected by an online sales tax.
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