Overstock urges Congress to act in the wake of the Supreme Court’s online sales tax decision

Overstock.com Inc. is calling on Congress to pass legislation to simplify, or clarify, online sales tax collection in the wake of Thursday’s U.S. Supreme Court decision that enables states and local governments to force online retailers to collect sales taxes, even if they don’t have a physical presence, or nexus, in the state.

“The U.S. Supreme Court has reshaped the interstate commerce landscape in a move that could impact small business innovation on the internet, which has been a driving force behind our nation’s economy for the last 15 years,” says Jonathan Johnson, an executive and board member at Overstock, No. 32 in the newly released Internet Retailer 2018 Top 1000, “The framers of the Constitution intended Congress to regulate interstate commerce by thoughtful legislation. To lessen the potential impact of today’s ruling on internet innovation, Congress can, and should, pass sound legislation allowing states to accomplish their aims while still permitting small internet business to thrive.”

Wayfair Inc., No. 16, which was named in the suit before the court, agreed in a statement that “the court was not the ideal venue for creating this level playing field,” before noting that it expects the decision will bring “clarity and certainty to this issue.”
more at source: https://www.digitalcommerce360.com/2018/06/21/overstock-urges-congress-to-act-in-the-wake-of-the-supreme-courts-online-sales-tax-decision/

Related Posts

The ODP Corporation Announces Selection of Chief Executive Officers and Company Names Ahead of Planned Spin-Off

The Board of Directors announced the selection of the Chief Executive Officers (CEO) and company names for each of the two companies, which would become effective upon the completion of the spin-off: *The ODP Corporation – a leading B2B solutions provider serving small, medium and enterprise level companies, will consist of several operating companies, including the contract sales channel of ODP’s current Business Solutions Division, which will be renamed ODP Business Solutions, and ODP’s newly formed B2B digital platform technology business, which will be named Varis. ODP Business Solutions and Varis will be owned by ODP, but operated as separate businesses. ODP will also continue to own the global sourcing operations and other sourcing, supply chain and logistics assets. Gerry Smith will continue to serve as CEO of The ODP Corporation following the separation. *Office Depot – a leading provider of retail consumer and small business products and services distributed via approximately 1,100 Office Depot and OfficeMax retail locations and an award-winning eCommerce presence, officedepot.com, will be spun-off and will be named Office Depot, Inc. Kevin Moffitt, currently EVP, Chief Retail Officer of The ODP Corporation, will be appointed CEO of Office Depot upon completion of the spin-off.

Savvas Learning Company Named to the 2023 GSV 150

Savvas Learning Company, a K-12 next-generation learning solutions leader, is pleased to announce that it has been named to the 2023 GSV 150, a list of the world’s most transformative private companies in education. Savvas was chosen from more than 4,000 private companies revolutionizing the world of education technology, from Pre-K-12 to workforce learning. GSV Ventures evaluated these companies on five criteria — revenue scale, revenue growth, active learner reach, international reach, and margin profile — to determine the global GSV 150 list.

USPS Service Performance Improvements Continue Across All Mail Categories

Quarter-to-date service performance data for July 1 through August 27 included: *First-Class Mail: Delivered 88.8 percent of First-Class Mail on time against the USPS service standard, an improvement of 1.3 percentage points from the third quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.8 percentage points from the third quarter. *Periodicals: Delivered 82.8 percent of Periodicals on time against the USPS service standard, an improvement of 3.5 percentage points from the third quarter. For the week of Aug. 21-27, the Postal Service achieved its highest level of service performance ever recorded for the Marketing Mail category (94.1%).
Back To Top
×Close search
Search