Many people may not realize that the current housing/credit crunch the nation is facing actually does have a direct correlation on the taxes that all consumers will pay. All across the web, reports of taxes being raised across the country are becoming an everyday occurrence and it doesn’t seem that many consumers will escape unscathed.
New York State Targets Online Retailers
As an example, on 6/11, Jena McGregor of Businessweek.com reported that the state of New York had recently amended the tax law to require “online retailers to collect sales tax even when they have no physical presence in the state, such as a store, a warehouse or even a sales rep.” What’s even more far reaching is that New York not only seeks to collect taxes from these online e-tailers but from their linked affiliates as well. This would include other websites or even bloggers who are paid a percentage of the sale. Under New York’s recently revised tax law, these linked-in businesses are considered to be “a presence in the state” and therefore subject to the taxes charged therein.
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