Amazon sues NY over Internet sales tax collection (Amazon Com)

Date : 05/02/2008 @ 8:58PM
Source : TFN
Stock : Amazon Com Inc (AMZN)
Quote : 40.47  0.0 (0.00%) @ 7:20AM
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Amazon sues NY over Internet sales tax collection (Amazon Com)

        ALBANY, N.Y. (AP) - Amazon.com is suing New York over a new law that
requires out-of-state online companies to collect sales tax from shoppers in New
York.
    "We are challenging the constitutionality of the recently enacted
legislation in New York," Amazon spokeswoman Patricia Smith said.
    Officials estimated the state would gain about $50 million by requiring
Internet giants such as Amazon.com to collect state sales tax. New Yorkers, like
residents of many states, are currently on an honor system to report their
online spending when they file state tax returns.
    The law applies to companies that don't have a brick-and-mortar presence in
New York but have at least one person in the state who works as an online agent
-- basically someone who links to a Web site and receives commissions for
related sales.
    Businesses with a physical presence in New York already collect the state
sales tax on online purchases. The proposed law would apply to companies that
have $10,000 or more in New York sales.
    The suit argues the change unfairly targets Amazon, is overly broad and
vague, and violates the commerce clause of the constitution because it imposes
tax-collection obligations on out-of-state entities.
    New York state has argued that the law closes a "tax loophole."
    Tom Bergin, a spokesman for the state Department of Taxation and Finance,
said the change is a necessary update for modern times.
    "Everyone in New York state either pays sales tax on articles that they buy
or is required to pay sales tax on articles that they buy," he said. "This is
not a new law, this is just amending the law to bring some of the new technology
-- the Internet -- into compliance."
    Bergin would not comment on the lawsuit.
    
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
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