Internet tax fight at U.S. Supreme Court

Mar. 06, 2018 3:36 AM ETWayfair Inc. (W)OSTK, WBy: Yoel Minkoff, SA News Editor31 Comments

South Dakota is asking the U.S. Supreme Court to overturn a 1992 ruling that companies with no physical presence in a state are not required to collect an online state sales tax - and the Trump administration is backing the effort.
A lower court decision favored Internet retailers Wayfair (NYSE:W), Overstock.com (NASDAQ:OSTK) and Newegg in the dispute.
Supreme Court justices are scheduled to hear arguments on April 17 and a ruling is expected by late June.