Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sears Applauds Bill To Enforce Sales Taxes for Online Purchases
Aug 8, 2011
 Printable format
 Email this Article
 Search

Sears Holdings (Hoffman Estates, IL, U.S.), one of the biggest appliance retailers in the United States, endorsed and applauded a proposed bill form Illinois Senator Richard Durbin intended to address online sales tax collection issues.

The Main Street Fairness Act is intended to give states the ability to collect taxes on in-state purchases from out-of-state online retailers. Because taxes are typically not collected on online purchases, Sears said, and states loose significant revenue, which continues to increase as online sales grow.

Amazon.com, the world's biggest online retailer, made an example of the State of Illinois earlier this year when it dropped its Illinois-based retail partners as a way of protesting Illinois sales taxes.

"The Durbin legislation will restore balance and fairness to the system by enabling states to enforce the collection of taxes that are already owed by every customer making a purchase, whether the purchase is online or in a retail store," said a statement from Sears Holdings, parent company of Sears, Roebuck and Co., Kmart, and Lands' End retail stores. "This is a critical step in addressing an issue that has resulted in over a decade of unfair competition between retailers who collect the sales tax and those who refuse to do so."

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows