June 1, 2012 |
Online retail giant Amazon.com will invest $130 million in New Jersey, build two warehouses, and bring 1,500 full-time jobs to the state, Gov. Christie announced Wednesday. In return, the Seattle-based Internet retailer will collect the state's 7 percent sales tax from New Jersey residents who buy online starting in July 2013. Christie said at a news conference that the tax collection would bring an estimated $30 million to $40 million a year to the state. The deal is contingent on Amazon receiving tax incentives to finance construction of the warehouses in cities that were not named.
May 11, 2012 |
IN THE REGION Delco OKs contract for refinery study The Delaware County Industrial Development Authority on Wednesday announced it had contracted with IHS Global Inc. to study potential uses for the 781-acre Sunoco Inc. Marcus Hook complex. The $100,000 study, which the Delaware County Council has agreed to finance, is expected to be completed in a month. Sunoco shut down its refinery in December, but says it has received no credible offers to operate the site as a refinery.
April 23, 2012
I RECENTLY HAD to rent a car in Philadelphia for the first time. I am a lifelong resident. When I looked at the bill, what blew me away was there were five separate taxes for renting a car. There is a 6-percent sales tax; the additional 2 percent for Philly; a 2-percent stadium tax; a 2-percent passenger-car rental tax; and a $2/day transportation-assistance tax. I actually asked about the last one, and the rental manager told me that Philly imposed...
April 9, 2012 |
When it comes to the real estate tax, opinion is deeply divided: Half of property owners hate it, and the other half really, really hate it. Dissatisfaction appears to be off the charts in North Dakota. In June, in what is believed to be a first, voters will decide whether to scrap the unpopular levy. "We consider North Dakota to be Lexington and Concord," said Charlene Nelson, a home-schooling mother who is a referendum organizer. Although nothing of that magnitude is unfolding in Pennsylvania, the legislature once again is considering bills to eliminate the property tax, oft-criticized for being unfair, antiquated, and baffling.
March 29, 2012 |
LONDON - The British government's intention to tax the humble Cornish pasty, a cheap pastry savory snack much beloved by workers and students, has opened a new front in the country's never-ending class war. In his United Kingdom budget last week, Finance Minister George Osborne announced he would close a loophole that allowed some fresh-baked takeaway items - including pies, sausage rolls, and pasties ( PASS-tees ) - to escape a 20 percent sales tax. The move has caused a media storm, with tabloid headlines portraying the new tax as an attack by the Conservative-led government on working-class life.
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.
February 22, 2012 |
TRENTON - A sales-tax exemption measure designed to encourage major online retailers to locate in New Jersey has been introduced in the Legislature. The bill would help alleviate disparities between online retailers, who are not required to collect New Jersey's 7 percent sales tax unless they have a physical presence in the state, and bricks-and-mortar stores, according to Democrats. "My goal and the goal of legislative leadership has always been to find a way to balance the interests of the retail merchants and the Internet merchants in a way that will ensure equity and a level playing field going forward," said Assembly Majority Leader Louis D. Greenwald (D., Camden)
February 16, 2012 |
Is it time for Internet retailers - companies like Amazon, Overstock, and eBay - to finally abandon the idea that Web sales should take place free from the burden of collecting state sales taxes? That's a question that arises today thanks to two decades of policy-by-inaction - a strange soup of federal court decisions, conflicting state policies, and Internet boosterism. For all those years, policymakers have been so eager to nurture Web commerce as an engine of economic growth that they've dodged dealing with a basic inequity.
February 14, 2012 |
The Corbett administration is expecting about $50 million from its new efforts to collect taxes on items sold over the Internet. The state Department of Revenue provided that estimate yesterday. Gov. Corbett is pressuring Internet-based sellers to collect the sales tax at the time of purchase, as Pennsylvania-based companies have to do. Also, the state's 2011 personal-income-tax return for the first time provides a line asking taxpayers to declare how much they owe in "use tax" on purchases they've made online without paying the state sales tax. Both are 6 percent.
February 9, 2012 |
TRENTON - Amazon.com, the world's biggest online retailer, is in talks to open two warehouses in New Jersey in a deal that could bring 1,500 full-time jobs to a state where unemployment has hovered around 9 percent. State Assembly Democratic Leader Louis D. Greenwald, who has been involved in the talks, said Amazon was seeking a 22-month sales-tax holiday - opposed by some retailers and at least one lawmaker. The Seattle-based online retailer is not required, as brick-and-mortar retailers are, to collect the 7 percent state sales tax for purchases.