Posted on 03/21/2017 8:50:03 PM PDT by 198ml
New York state leads in many things: fashion, finance, food, media, museums — all of which helps attract people and businesses and creates the state’s vibrant and diverse economy. And yet, if Gov. Andrew Cuomo gets his way, New York will lead in another way: Enacting a foolish internet-marketplace tax that’ll hurt the state’s attractiveness to businesses.
New York already collects taxes on internet-marketplace sales — like those on Etsy, eBay and Amazon — when those sales occur between a New York seller and a New York buyer. It makes sense because these sales are essentially the same as the everyday transactions between New Yorkers that happen at any local brick-and-mortar shop.
(Excerpt) Read more at nypost.com ...
The tax breaks NY is promising to new companies is just short term. Only an idiot would go for their deal.
We have a vibrant and diverse economy? What?
“The tax breaks NY is promising to new companies is just short term. Only an idiot would go for their deal.”
There’s so many strings attached to the NY “tax breaks” that only one or two companies could probably even qualify.
In fact it looks so convoluted, it looks like the “tax break” regulations were concocted by a single company (solar panels) or industry to benefit only themselves.
If a marketplace (like amazon, etsy, or airnb) has a presence in NY, the new law would require all sellers on those sites to charge/collect NY taxes on sales to NY buyers. Currently only NY sellers who sell to NY buyers charge/collect NY taxes.
thanks.
“presence” throws me.
Amazon will now have to collect the tax and remit to NY ? Even if some products are sold and fulfilled by retailers and Amazon just takes a “Referral Fee” ?
You’re right, and living in the bureaucracy of NJ a dozen miles to the west, I suspect there will be many “fees” instead of taxes from the get-go. NY (like NJ) has a growing population of people who want everything while contributing nothing; the taxpayers here are simply farmed to provide these things (in addition to sustaining the government worker caste as our new upper middle class) - and those taxpayers include companies.
The real gem is the massive pension obligations of these states; like US car companies, this is permanently damaging any ability to remain competitive.
Between Commissars Cuomo and deBlasio, New York has already affixed the “no go” label to it!
I see those “come to NY the business taxes are low” ads on tv and it’s really hard to not fall on the floor laughing.
4 years ago my daughter in Las Vegas had her apartment broken into and her computer stolen. I offered to pay for a new Laptop for her. She went on line and ordered a laptop and paid for it with my credit card.
Imagine my surprise when New York State tacked on 8.75% sales tax. The computer was ordered from and shipped to a Nevada address. The computer was made in Reno Nevada and has never been out of Nevada. And my daughter is a Nevada resident. New York’s justification for the tax: My credit card was used for the purchase and I live in New York. This cost me almost a hundred dollars.
THERE IS NO ECONOMY OUTSIDE NEW YORK CITY.... AND ALBANY, WHERE THEY STEAL IT...
The rest of NY is eating tree bark to survive...
Funneling crony kickback and ad programs is not an ECONOMY and things will only get worse due to underfunded overpromised retirement plans for government workers.... glorified parasites
From the Portland [Maine] Press Herald:
Amazon to begin collecting Maine sales tax April 1
The decision is part of a broad policy reversal for the e-commerce giant.
BY J. CRAIG ANDERSON STAFF WRITER
Online retail giant Amazon.com will begin collecting state sales tax on all orders shipped to customers in Maine beginning April 1.
The decision to start collecting Maine’s 5.5 percent state sales tax is part of a nationwide policy reversal by the Seattle-based company, which has previously resisted collecting sales tax in many states.
Amazon has begun collecting state sales taxes in at least 10 other states since Jan 1. Tax collection began Jan. 1 in Louisiana, Iowa, Nebraska and Utah; Feb. 1 in Mississippi, Missouri, Rhode Island, South Dakota and Vermont; and March 1 in Wyoming.
. . .
http://www.pressherald.com/2017/03/20/amazon-to-begin-collecting-maine-sales-tax-april-1/
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