California's Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state sellers.
The law comes after the U.S. Supreme Court ruled last year states can collect sales taxes from companies even if the company is based outside of the state's borders.
After the ruling, existing state law required sellers with at least $100,000 of sales in California to register as a retailer and collect taxes. The law Gov. Gavin Newsom signed on Thursday requires companies like Amazon and eBay to collect the taxes on behalf of those retailers, but only if they have at least $500,000 of annual sales in California.
State officials predict the law will generate an extra $759 million in state and local taxes by 2021.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%Comcast's CEO joined SquawkCNBC to discuss earnings after reporting a beat on earnings per share but lower revenue than expected.
Consulte Mais informação »
California soda tax bill shelved, in reprieve for beverage industryA bill that would have taxed sugary drinks in California stalled Monday when the lawmaker who authored it shelved it until next year.
Consulte Mais informação »
Is Trump’s tax law helping or hurting the housing market?A New York Federal Reserve study suggests tax reform has contributed to the housing industry’s recent woes, but other factors may play an even bigger role
Consulte Mais informação »
California proposal to tax soda pushed to next yearLawmakers won't vote on a soda tax or limit how much can be sold in a single cup this year, marking the latest California victory for the beverage industry. Both were efforts to crack down on the soda industry and promote public health.
Consulte Mais informação »
Trump's tax law to boost incomes more in Republican states: researchersA 2017 tax overhaul championed by President Donald Trump will cut household taxes more in Republican-leaning states than in states that lean Democratic, according to research published by the U.S. central bank on Tuesday. The Tax Cut and Jobs Act, signed by Trump in December 2017, reduced tax rates
Consulte Mais informação »
Japan finance minister quells speculation sales tax hike may be delayedJapanese Finance Minister Taro Aso said on Friday there was no change in the gov...
Consulte Mais informação »
Japan officials quash speculation sales tax hike may be delayedJapan's top government officials vowed on Friday to stick to a planned sale...
Consulte Mais informação »
Japan finance minister quells speculation sales tax hike may be delayedJapanese Finance Minister Taro Aso said on Friday there was no change in the gov...
Consulte Mais informação »
Tax overhaul raises taxes for some Gold Star families on survivor benefitsPresident Donald Trump's tax overhaul is forcing some military families to pay thousands of dollars more in taxes on their survivor benefits, according to a nonprofit organization that helps those families.
Consulte Mais informação »