In the US, you may receive a sales tax on purchases on the Internet

Фото: Depositphotos

The US Supreme Court will consider abolishing the ban on Internet sales tax for almost 26 years, thus giving local governments the opportunity to receive billions of dollars in sales taxes online.

Consideration of this issue was initiated by South Dakota, the statement argues that the decree banning taxes on sales of online retailers, which was taken in 1992, was outdated in the era of active development of electronic sales and should be canceled, writes Bloomberg.

If this tax were in effect in 2017, then, according to estimates by the United States Court of Auditors, local governments would collect an additional up to $ 13 billion more taxes over the past year.

South Dakota court opposes online retailers such as Wayfair Inc., Overstock.com Inc. and Newegg Inc. They collect sales tax from customers only in certain states where their offices are physically located.

The decision will also affect the largest online retailer Amazon, but only partially, since many products sold on this portal are the resale of goods produced by other companies. If a Amazon sells their goods, then includes in their cost the sales tax in each state.

The court hearings should take place in April 2018, and the decision will be made in June.

The 1992 Supreme Court ruling states that taxes on online merchants can be levied only in those states where they have a “physical presence”.

South Dakota passed its law in 2016, requiring that retailers with annual turnover in the state of more than 100 000 dollars pay 4,5% sales tax. Soon after the adoption of this law, the state filed a lawsuit with the Supreme Court, demanding to recognize the compliance of this measure with the US Constitution.

Wayfair, Overstock.com and Newegg stated that the court should reject the claim and leave to Congress the right to decide the fate of taxes from online merchants.

Read also on ForumDaily:

11 ways to make money online without being scammed

Overview of Russian online stores in America

Laws that will take effect in the US in 2018 year

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.