New York Internet Taxation Pushes Through

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The Supreme Court on Monday, refused to get involved into the dispute over state sales taxes on items bought online in websites such as the ever popular Amazon.com.  The high court without any comment turned down appeals from Amazon.com LLC as well as Overstock.com Inc. in their campaign against a NY court ruling which forced them to remit sales tax in the same manner as state business do.  The decision could affect online shopping in the state due to the fact that one of the premier attractions of buying there is the lack of a state sales tax which allows some items to be sold cheaper.

Far Reaching Effects

The ruling may have far reaching effects if it stimulates other states to act.  According to the National Council of State Legislatures, about $23.3 billion dollars in 2012 was lost as a result of being unable to charge sales tax on online as well as catalog purchases.