Physical retailers rise, online retailers drop after Supreme Court tax ruling

The Supreme Court ruled Thursday that states now have the power to force online retailers to collect sales tax in states where they do not have a physical presence, reversing a ruling from 1992 in a 5-4 decision......»»

Before June 21, an online retail seller could not be required to collect and remit state sales tax if it did not have a physical presence in a state. Shipping items to customers would not trigger the physical presence rule. However, the Supreme Court.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Millions of merchants could be affected by the Supreme Court's decision in a case that could force online retailers to collect sales taxes in states where they have no physical presence. Th.....»»

On April 17 the U.S. Supreme Court heard oral arguments in the South Dakota vs. Wayfair case.   The decision in this case, expected in June, may very well change online retailing as we know it. The current law of the land, based on decades of va.....»»

The Supreme Court ruled Thursday that states can compel retailers to collect sales tax from even if they don't have a physical presence in the state......»»

The Supreme Court upended the nation's Internet marketplace, ruling that many online retailers must collect and remit state sales taxes. The decision, which overturns an earlier Supreme Court pre.....»»

The Supreme Court ruled Thursday that states can compel retailers to collect sales taxes even if they don't have a physical presence in the state. CNN's Joe Johns reports......»»

It's a big win for brick-and-mortar retailers. In a close decision, the Supreme Court on Thursday determined that states can force internet retailers to collect sales taxes from shoppers even in states where they have.....»»

Amazon.com Inc. shares slid 1.3% Thursday, after the Supreme Court ruled that states have the right to collect sales taxes on internet companies that do not have a physical presence in their states......»»

The Supreme Court ruled Thursday that states can compel retailers to collect sales taxes even if they don't have a physical presence in the state. CNN's Joe Johns reports......»»

States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals......»»

The CEO of Benchmark Investments tells Reuters' Fred Katayama the Supreme Court ruling's lack of guidance on whether online retailers must retroactively collect sales taxes is a big overhang for e-commerce stocks......»»

Getty/Rick T. Wilking The United States Supreme Court ruled in favor of South Dakota in Wayfair vs. South Dakota on Thursday. The decision paves the way for states to collect sales tax on online purchases that cross state lines, even if the retailer .....»»

Washington could be a big winner if it continues to go after online retailers selling across the state......»»

NEW YORK (Reuters) - Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses......»»

Amazon stands to benefit from Thursday's Supreme Court ruling that will allow states to collect more sales tax from online retailers......»»

Amazon stands to benefit from Thursday's Supreme Court ruling that will allow states to collect more sales tax from online retailers......»»

Shares of online retailers fell on Thursday after the Supreme Court ruled 5-4  that states h.....»»

The Supreme Court ruling gives states the authority to require online retailers to collect sales tax on out-of-state online purchases......»»