Democrats and the GOP are working together on a bill in Congress to resolve the online sales tax...


Democrats and the GOP are working together on a bill in Congress to resolve the online sales tax issue. The latest iteration of the bill looks likely to be finalized and sent to President Obama's desk this year. With online sales now repping more than 5% of all of retail sales, states will bring in significant revenue while larger Internet-based retailers will lose some pricing power. Though Amazon (AMZN -1.4%) is the obvious target to take a hit - that expectation could already be baked into its share price - and it could be smaller Internet shops such as Blue Nile (NILE +1.2%) or Overstock.com (OSTK +0.2%) which feel the pain.

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Comments (4)
  • Bnapieralski
    , contributor
    Comments (4) | Send Message
     
    What about us small business people? If I had to comply with the tax laws as they are I would spend $100k a year which I can not afford.Isell unline to all states.
    15 Feb 2013, 12:28 PM Reply Like
  • Bnapieralski
    , contributor
    Comments (4) | Send Message
     
    What about us small business people? If I had to comply with the tax laws as they are I would spend $100k a year which I can not afford.I sell unline to all states.
    15 Feb 2013, 12:28 PM Reply Like
  • Lares Capital
    , contributor
    Comments (438) | Send Message
     
    Love it!

     

    "Though Amazon (AMZN -1.4%) is the obvious target to take a hit - that expectation could already be baked into its share price"

     

    You mean the share price that trades at 300 forward P/E?
    15 Feb 2013, 12:37 PM Reply Like
  • William Shearer, Jr.
    , contributor
    Comments (157) | Send Message
     
    Agreed, I could dance a jig right now. This will be the first sell trigger, and then when Amazon misses their 4th straight earnings report in April, that will be the second. I will probably buy back my short position after that.
    24 Mar 2013, 02:54 PM Reply Like
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