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), (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.

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