Supreme Court Rules that States Can Tax Internet Sales

The U.S. Supreme Court ruled in a 5-4 decision last week that state governments are constitutionally allowed to tax internet sales, even if the business has no property or employees in the state.. The decision, which overturns prior rulings that requires a company to have a physical presence in the state before being subjected to taxes, paves the way for all 50 states to implement new taxes on goods and services sold on the internet. As of right now, 31 states already have laws on the … [Read more...]