ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » EBAY Stock Price » EBAY Stock News

Ebay Inc. Share News

 Ebay Inc. (mm) Stock Price
EBAY Stock Price
 Ebay Inc. (mm) Stock Chart
EBAY Stock Chart
 Ebay Inc. (mm) Stock News
EBAY Stock News
 Ebay Inc. (mm) Company Information
EBAY Company Information
 Ebay Inc. (mm) Stock Trades
EBAY Stock Trades

Amazon Reaches Pact To Collect Sales Taxes In Nevada

--Amazon agreed to collect sales tax on items sold in Nevada beginning at least by 2014 --Online retailer says it will collect taxes in the same manner as traditional brick-and-mortar retailers --Amazon has touted federal bill permitting states to collect online sales tax, which was introduced last year By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Amazon.com Inc. (AMZN) has agreed to collect a sales tax on items sold in Nevada beginning in 2014, or earlier should proposed federal legislation mandate online retailers collect sales taxes. The online retailing giant said it will collect and use taxes in the same manner as traditional brick-and-mortar retailers, an agreement that is expected to raise at least $16 million a year for the state, according to the Las Vegas Sun, which initially reported the news. Like many online retailers, Amazon has said it is obliged to add state and local sales taxes only on purchases from residents of states where Amazon has physical retail operations. But it also has defined retailing narrowly as selling, so related operations such as warehouses don't put it on the hook to charge tax. In response, lawmakers in several states have passed new legislation aimed at limited online retailers' wiggle room to avoid charging sales tax. Amazon has challenged those bills and is also known to retreat from states it deems unfriendly. Instead, Amazon has touted a federal bill permitting states to collect online sales tax, which was introduced last year, claiming the change would make matters simpler than a wide number of state initiatives. That bill has faced some opposition, including from EBay Inc. (EBAY), which has argued that it could hurt businesses far smaller than Amazon by putting them on the hook for sales tax collection. "We strongly support federal legislation permitting interstate sales tax collection because it is the only way to level the playing field for all sellers, the only way for Nevada to obtain all the sales tax revenue that is already owed, and the only way to fully protect states' rights," said Amazon vice president of global public policy Paul Misener. For all of 2011, Amazon earned $631 million in profit on $48.1 billion in sales, compared with $1.2 billion in profit and $34.2 billion in revenue a year earlier. Amazon has been spending more on warehouses, technology and its Kindle electronic devices, though sales also continue to outpace the growth of overall Internet sales. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com -Stu Woo of The Wall Street Journal and John Letzing of Dow Jones Newswires contributed to this report

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
07/24/201411:26:55TECH STOCKS: Facebook Shares Hit Record On Stellar Earnings
07/24/201411:22:22TECH STOCKS: Facebook Continues To Rise On Stellar Earnings
07/17/201411:26:51TECH STOCKS: Microsoft Steals Thunder With Big Job Cuts
07/17/201409:38:23U.S. Hot Stocks: Hot Stocks to Watch
07/17/201407:10:13MARKET SNAPSHOT: U.S. Stocks: Futures Dip With Morgan Stanley...
07/17/201406:14:50MARKET SNAPSHOT: U.S. Stocks: Futures Dip With Morgan Stanley...
07/17/201402:05:18EBay Logs Growth at Payments, Marketplaces Divisions -- Update
07/17/201402:04:37EBay Logs Growth
07/17/201402:04:17EBay Logs Growth at Payments, Marketplace Divisions
07/17/201402:02:47MARKET SNAPSHOT: U.S. Stocks Gain; Dow Sets Its 15th Record Of...
07/17/201401:48:19MARKET SNAPSHOT: U.S. Stocks Trim Gains, But Dow Stays In Record...
07/17/201401:43:53TECH STOCKS: Intel Rises, Yahoo Falls After Earnings Results
07/17/201401:36:37MARKET SNAPSHOT: Dow Hits Intraday Record; Apple, IBM Drive Gains
07/17/201401:29:32MARKET SNAPSHOT: U.S. Stocks Open Higher; Yellen In Focus
07/16/201423:58:59MARKET SNAPSHOT: U.S. Stocks: Futures Rise; PPI Up In June
07/15/201417:02:57LivingSocial Names eBay Veteran Thakar as New CEO
07/15/201416:56:59TECH STOCKS: Tech Stocks Waver Ahead Of Yahoo, Intel Reports
07/14/201418:36:37TECH STOCKS: Techs Gain Broadly; Apple Rises On Analyst Upgrade
07/14/201414:32:46Sotheby's, EBay Teaming Up to Stream Auctions -NYT
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery

Ebay Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad