New York wants out-of-border companies to pay sales tax by Lenka Filipova

It seems that online companies which are located out of New York borders will pay tax imposed on goods which are delivered to New York's addresses. This is aimed in the plan proposed by Gov. Eliot Spitzer. His estimations assumed that the state could receive $47 million if state sales tax is collected. This estimation arises in the case of tax cumulated from Internet major companies like Amazon.com. However, this radical change is highly criticized by the Amazon's vice president of global public policy, Paul Misener. He told that all companies that are concerned with this, would definitely withdraw from anything that was being done anywhere in the country.This policy appertains to these companies which are not rooted in the state but have at least one person who is acting as an online agent in New York. The state sales tax has already been imported on online shopping for the "brick-and-mortar" companies. This law is admission to those once that have sales of $10,000 or more. In addition to this, the state Department of Taxation and Finance has already prepared a list of all companies which do not have physical basement in New York but are doing online business.Since the law has been announced publically, more and more states have joined to collect sales taxes from out-of-border companies. 17 states are the part of it already and another five is prepared to join too. As a result of this dramatic change, the tax law adjustment will be provided so that it coincides with legislation. This law conversion will be done on local as well as state basis.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

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Edited by Katarina Rastocna