Oh,the sleepless nights I have. ;-)
From the article:
CouponCabin was one of the Chicago companies affected by the law, and found itself forced to move to Whiting, Ind., in order to stay in business. Founder and CEO Scott Kluth said in a statement:
"CouponCabin is thrilled to hear the news about the affiliate tax being declared invalid in Illinois. We are relieved that the 9,000 affiliates that were based in Illinois may now have the opportunity to operate in Illinois without jeopardizing their business relationships with online retailers... CouponCabin continues to strongly support a federal solution to the taxation of all online transactions."
The celebration may be premature, as companies like Amazon.com have not yet officially welcomed former Illinois affiliates back into the fold, as they are likely awaiting to see if the matter gets moved up to a higher court. Indeed, a spokesperson for the Illinois Department of Revenue told Crain's that they are speaking with the attorney general's office about appeal options.
The spokesperson added, "We need to recoup some of the estimated $153 million that was not paid by online merchants prior to the law being implemented."
This is Obama's Illinois where they raise taxes just enough to drive businesses and jobs out of the state.
Amazon still collects sales tax in NYS. It’s all about the “revenue”.
Last week I received an e mail from Amazon noting that I lived in Tennessee and was required to note the purchase and pay use tax to the state of Tennessee for the Internet sale.
To my knowledge this is the first time I ever saw such an e mail
It is interesting that Amazon has made the effort and the notice ps provided to comply with Tennessee law. Amazon does not supply the transaction info to the State of Tennessee.
The new USPS service, Gopost, could put a wrinkle in the collection efforts if residents in a high-tax state live near the border of a low or no-tax state.
Quotes from Accounting Today article on this case:
“We were surprised, not that the court ruled in our favor, but that the decision was made so quickly,” said Rebecca Madigan, executive director of the Performance Marketing Association, the trade organization that brought the suit.
“Our goal is to allow the 9000 Internet affiliate marketers to get back into business as quickly as possible.”
Madigan estimates that about a third of the affiliates moved out of state when the law restricting their income was passed. “You can’t stay in business when you’re losing half your revenue,” she said. “By our estimates they earned $740 million in 2010, the year before the law passed, and paid $22 million in state income tax.”
The Illinois Department of Revenue is expected to appeal the decision.”
Corporatist! /S
LOL
I use to hear that phrase in Monday morning sales meetings....
Indeed, a spokesperson for the Illinois Department of Revenue told Crain's that they are speaking with the attorney general's office about appeal options.
The spokesperson added, "We need to recoup some of the estimated $153 million that was not paid by online merchants prior to the law being implemented."
Hey Asshat, have you considered how many livelyhoods were destroyed by that law?
How many people had to move to stay in business and what the impact is on the state's ability to ever collect, since the move...uhhh...out of state.
What of the families who lost thier homes by being put out of business?
What was the economic impact to Illinois? It was at least a negative of some measurement.
What of the brick and stick businesses who depended on those online store owner to buy from them? What was that impact?
You people are truly stoopit. But!!! Not as Stoopit as the state of KahLeeFawNee-Yuh.