US retailers applaud sales tax ruling
The US Star Tribune reported that major US retailers, including Target and Best Buy, cheered the recent Supreme Court ruling that will allow states to require online retailers to collect sales taxes. Target stated that it “has long advocated for sales tax policies that level the playing field and treat all retailers the same, whether they have stores, operate online or both.” Best Buy officials said the decision "finally brings sales tax collection into the internet age, and reinforces the basic American notions of fairness and a level playing field for all who choose to compete in the marketplace." We share the sentiment – there's nothing wrong with taxes, as long as they don’t distort the economy. Amazon is caught in the new ruling and will need to apply sales taxes as required. Makes us wonder whether they will display the same emotional reaction as we saw in relation to the Australian GST system clean up?