May 16, 2013
Brick-and-mortar retailers won a well-deserved and long-overdue victory last week when the Senate passed a bill requiring their online counterparts to collect state sales taxes. As consumers have turned increasingly to the Web to make purchases over the last decade, conventional retailers have been put at an unfair disadvantage. They have to collect state sales taxes, while most Internet retailers don't. That hands online retailers a virtual discount equivalent to the cost of the sales tax. In New Jersey, the tax is 7 percent; in Pennsylvania, it's 6 percent.
May 3, 2013
DAN ROITMAN, chief executive of the Center City -based Stroll, is no fan of the Marketplace Fairness Act, the so-called Internet sales-tax bill expected to be voted on in the U.S. Senate on Monday. The legislation would empower states to reach beyond their borders and compel online marketers - like Stroll - to collect state and local sales taxes for online purchases. The sales taxes then would be sent to the state where a shopper lives. Stroll is an Internet-based marketing platform that sells audio language-learning products and had more than $80 million in revenues last year.
April 26, 2013 |
WASHINGTON - The Senate moved closer Thursday to passing a bill to tax purchases made over the Internet, but a final vote was delayed until members return from a weeklong vacation. Although opponents hope senators will hear from angry constituents over the next week, they have a steep hill to climb to defeat the bill. The Senate voted, 63-30, to end debate, setting up the final vote May 6. That vote will require only a majority, so 14 supporters would have to flip to stop it. President Obama supports the bill, but it faces an uncertain fate in the House, where some Republicans consider it a tax increase.
March 26, 2013 |
BEIJING - New Chinese first lady Peng Liyuan's choice of attire has sparked a flurry of excitement over an independent homegrown label, an unusual phenomenon in a country where political figures are more frumpy than fashionable and wives usually shy away from the spotlight. Images of Peng, 50, stepping off a plane in Moscow on Friday arm-in-arm with her husband, President Xi Jinping, have circulated widely on the Chinese Internet, prompting praise of her style as understated and sophisticated.
February 28, 2013
Missing couple are safe in Peru LIMA, Peru - Peru's tourism minister said Wednesday that he spoke with a young California man who has been reported missing along with his girlfriend for more than a month and that the couple were navigating an Amazon tributary headed for Ecuador. Jose Luis Silva said that when he told Garrett Hand, 25, about all the commotion he and girlfriend Jamie Neal caused by failing to notify relatives of their whereabouts, Hand was surprised and laughed, saying that everything in Peru was "fantastic.
January 29, 2013
In the Region Glaxo to team up for vaccine in India GlaxoSmithKline P.L.C. agreed to form a joint venture in India to produce a six-in-one vaccine to immunize children in developing countries against infectious diseases. The London-based drugmaker, which has significant operations in the Philadelphia area, has agreed to form a 50-50 venture with India's Biological E Ltd. to develop a product that would combine Glaxo's injectable polio shot with a vaccine produced by Biological E that protects against five diseases, including diphtheria and tetanus.
November 24, 2012 |
In the rush to assign blame for the Christmas shopping frenzy that is taking hold earlier than ever - detractors assailed Target, Toys R Us, and Walmart for planned Thanksgiving openings this year - one must follow the fingertips of American shoppers. Because the bogeyman boils down to this: online, online, online . For decades, retailers made a bundle on Black Friday by packing stores with sale goods, filling Thanksgiving Day newspapers with advertisements, and reveling in revenue as customers rolled in the next day en masse.
November 23, 2012 |
WASHINGTON - Emboldened by rapid growth in e-commerce shipping, the cash-strapped Postal Service is moving aggressively this holiday season to start a premium service for the Internet shopper seeking the instant gratification of a store purchase: same-day package delivery. Teaming up with major retailers, the post office will begin the expedited service in San Francisco on Dec. 12 at a price similar to its competitors'. If things run smoothly, the program will quickly expand next year to other big cities such as Boston, Chicago and New York.
February 26, 2012
Should online retailers be required to collect state sales taxes from their customers?
February 26, 2012
Tired of being outsold by online retailers, earthbound merchants have convinced legislatures in five states to force Web-based sellers to collect and remit sales taxes. Twenty others are working on similar laws. Now, it's time for New Jersey to join the trend and stop forgoing hundreds of millions of dollars in Web-derived tax revenue that it can use to meet its budget while protecting local businesses. Online retailers have an unfair advantage over florists, appliance stores, clothiers, music and gift shops, and other local businesses.