Seeking Alpha

State tax collectors in California plan to ramp up efforts to force Internet businesses to...

State tax collectors in California plan to ramp up efforts to force Internet businesses to collect sales tax by hiring new auditors and lawyers to get the point across. Though big fish Amazon has already been reeled in, companies such as Overstock.com (OSTK) and Blue Nile (NILE) are swimming around unfettered at the moment.
Comments (2)
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Serves Californian's right, they have a screwed up state, they need to pay for it. In addition, out-of-state retailers should charge more to Californian's to make up for the extra cost of collecting and paying the tax.

     

    I say create a $1 California processing fee.
    31 Aug 2012, 09:21 AM Reply Like
  • robgra
    , contributor
    Comments (370) | Send Message
     
    One can't help but wonder how many internet retailers will be driven across the southern border, where they will be out of reach of the greedy state tax collectors. Then California and others will not only not collect on the sales taxes, but lose out on some more jobs and income taxes. Ca. doesn't need more tax auditors on the state payroll, it needs to reduce its state payrolls, and stop picking its citizens pockets at every opportunity.
    31 Aug 2012, 09:30 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector