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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Sun Nov 06, 2011 11:33 am Post subject: Amazon.com to play tax collector for client merchants |
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Merchants who sell through Amazon.com or through an Amazon-hosted e-commerce site can now opt to pay the world’s largest online retailer to collect applicable sales tax on their sales transactions. Amazon remits those funds to the merchants and merchants are responsible for documenting and paying all taxes to the appropriate state and local tax authorities.
Beginning early next year, Amazon.com Inc., No 1 in the Internet Retailer Top 500 Guide, will start charging a fee for the service equal to 2.9% of what it collects in sales tax and any related transaction-based charges, Amazon says.
The new sales tax collection service extends what had been a far more limited service Amazon had offered for no charge to a limited number of its largest client merchants, a spokesman says. Amazon has more than 2 million active seller accounts worldwide, but it doesn’t break that figure down by type of seller or geographical area, he adds. An active seller is one that has processed one or more sales within the past year.
http://www.internetretailer.com/2011/11/03/amazoncom-play-tax-collector-client-merchants |
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MIKEHATESEBAY
Joined: 18 Nov 2010
Posts: 160
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| Posted: Mon Nov 07, 2011 12:42 pm Post subject: |
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| Charging to collect taxes? That is just WRONG, if not illegal. |
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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Thu Nov 10, 2011 1:31 pm Post subject: |
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MIKEHATESEBAY wrote (View Post): › docWrite("quote")Charging to collect taxes? That is just WRONG, if not illegal.
Can't argue with that Mike! Must be some sort of processing fee. :roll:
Related:
"eBay Blasts, Amazon Supports New Internet Sales Tax Bill"
eBay has come out swinging against a new bill introduced in the Senate on Wednesday that would empower states to collect sales taxes from out-of-state Internet and catalog retailers.
The Marketplace Fairness Act, sponsored by Sens. Mike Enzi (R-Wyo.), Dick Durbin (D-Ill.) and Lamar Alexander (R-Tenn.), would aim to simplify the patchwork of state and local tax codes across the country's more than 7,500 tax jurisdictions. Opponents of Internet tax collection requirements have argued that the complexity of the current tax system would present an unreasonable burden for smaller sellers.
eBay quickly blasted the new bill, as it has previous efforts to shift the collection of online sales taxes from states to companies.
http://www.auctionbytes.com/cab/abn/y11/m11/i10/s01 |
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cohibastore.com
Joined: 14 Sep 2006
Posts: 4908
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| Posted: Fri Nov 11, 2011 3:20 pm Post subject: |
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MIKEHATESEBAY wrote (View Post): › docWrite("quote")Charging to collect taxes? That is just WRONG, if not illegal.
Do you pay your accountant or bookkeeper to manage your taxes? Same thing, you are paying for a service. |
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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Sat Nov 12, 2011 9:23 pm Post subject: Re: Amazon.com to play tax collector for client merchants |
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| Hmmm, that too makes sense cohiba. Hadn't thought of it that way. Merely a fee for services rendered. |
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cohibastore.com
Joined: 14 Sep 2006
Posts: 4908
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| Posted: Sat Nov 12, 2011 10:07 pm Post subject: Re: Amazon.com to play tax collector for client merchants |
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elgato wrote (View Post): › docWrite("quote")Hmmm, that too makes sense cohiba. Hadn't thought of it that way. Merely a fee for services rendered.
My only objection would be if it was a mandatory service and they did not give you the option of paying it yourself. |
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