Internet Sales News
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President Barack Obama renewed his oath of office in January vowing to use the bully pulpit to rally the American people around his second-term agenda.
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U.S. House Speaker John Boehner said he “probably” won’t support legislation to let states require out-of-state Internet retailers to collect sales taxes, saying it would be too cumbersome to implement.
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Indian reservations are close to being put on a more equal tax footing with states.
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The U.S. Senate voted to let states require out-of-state Internet retailers and catalog companies to collect sales taxes, a victory for brick-and-mortar businesses that have been lobbying on the proposal for more than a decade.
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Kelly Blair, a banker from the Baltimore suburbs, spends hundreds of dollars online every year buying gifts and household supplies like pet food and shampoo. She doesn’t check to see whether she owes sales tax -- though her home state of Maryland says that she should.
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Google Inc., owner of the world’s most popular search engine, spent $291 million on acquisitions and assets during the first quarter as the company looked to bolster revenue and user growth.
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The growth of Internet shopping in Europe is luring investors such as Axa Real Estate and Blackstone Group LP to the cinder-block world of warehouses, where yields are beating showy storefronts and sleek offices amid a space shortage.
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Long lines of tractor-trailers filled with electronics, apparel and home-improvement goods crowd Interstate 10 through Southern California’s Inland Empire. The trucks are headed for a growing number of warehouses that are displacing the citrus groves that once dominated the area.
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Amazon.com Inc., the world’s biggest online retailer, and discount Internet seller Overstock.com Inc. lost a challenge to New York’s Internet sales tax law as the state’s highest court rejected their arguments that it was unconstitutional.
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U.K. retail sales fell more than forecast in March as cold weather during the month depressed purchases of clothing and household goods.
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