Gates, Buffett say online purchase taxes are fair and good for state budgets

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Billionaire buddies Bill Gates and Warren Buffett wholeheartedly agree on one thing: Online retailers need to be taxed. Speaking on CNBC this morning, Gates and Buffett discussed a bevy of topics including the bill that’s expected to pass the U.S. Senate today which could make it easier for states to collect sales tax from purchases made… Read More…

Californians hurry up and shop, shop, shop ahead of Amazon.com tax deadline

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There’s a bit of an e-commerce gold rush going down in California, where Amazon.com customers are scrambling to squeeze in some last-minute shopping before they have to start paying sales tax on Sept. 15. As The Los Angeles Times reports, the company won’t confirm whether sales in California have jumped in recent weeks. But social media… Read More…

Amazon vs. eBay: Opposing views on sales tax legislation

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An Amazon.com executive today told Congress that the company supports federal legislation providing a constitutional framework for states to collect taxes on online retailers — including those based out of state. However, the Seattle company cautioned against allowing too many of its smaller rivals to avoid the tax. Amazon says it supports the Marketplace Fairness Act introduced… Read More…