Sunday, March 24, 2013

AMZN,EBAY: By a 75-24 margin, the Senate has passed a...

2:46 PM By a 75-24 margin, the Senate has passed a non-binding vote of approval for a bill allowing states to collect sales taxes from online retailers with $1M+  in annual sales and no presence within a given state's borders. The vote's margin of victory suggests a filibuster shouldn't be a problem when a binding vote is made. Amazon (AMZN) and eBay (EBAY) have already begun collecting in a number of large states, and any investors have already assumed collections will expand in time. (previous) Read comments

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