Topic: Quill Corporation
The Supreme Court ruled that states have broad authority to require Internet sellers to collect sales taxes, just as their Main Street competitors must. And, in a delicious bit of online irony, the justices did it on Cyber Monday.
The Senate voted late Monday to require e-commerce businesses to collect sales taxes from buyers. The Marketplace Fairness Act may bring as much as $23 billion, by one estimate, in online sales tax revenue to states and cities. It faces an uncertain future in the House.