Content about Tax

March 12, 2014

The National Retail Federation is urging Congress to pass legislation that would require online and remote sellers to collect state and local sales taxes, telling a House committee that lawmakers should level the playing field between local retailers and out-of-state competitors.

February 26, 2014

The National Retail Federation welcomed a proposal to reform the nation’s tax structure announced Wednesday by House Ways and Means Committee Chairman Dave Camp, R-Mich., saying it would strengthen the economy and jobs.

December 23, 2013

Factors including the permanency of the 2013 payroll tax increase, uneven job creation and uncertainty caused by the autumn partial government shutdown are expected to continue constraining consumer spending in 2014.

October 14, 2013

Most retailers wouldn’t dream of using an abacus to reconcile daily accounts when software exists which performs calculations and reconciliations at lightning speed.

October 9, 2013

Some two-thirds of Americans say they support the Federal e-Fairness legislation calling for collection of online sales tax at the time of purchase.

October 9, 2013

Amazon remains the world's most trusted retailer despite widespread criticism of its tax affairs and labor disputes.

July 19, 2013

U.S. consumers are positioned to spend more in the coming months based on several favorable economic indicators seen in June.

June 13, 2013

For anyone involved in retail, it feels like the International Council of Shopping Centers (ICSC) Spring Convention in Las Vegas signifies an important yearly milestone.

May 22, 2013

Target Corp. reported a 26% drop in its first-quarter profit as unseasonably cool weather, the payroll tax increase and other economic pressures took a toll on sales.

May 1, 2013

Probably the most important bit of news for bricks-and-mortar retailers that broke over the past week is that the Senate voted to move forward with the Marketplace Fairness Act.

April 26, 2013

The U.S. Senate voted to move forward with the Marketplace Fairness Act, legislation that would allow states to force retailers to collect online sales taxes, if the states choose to do so.

February 21, 2013

Nearly three-quarters (73.3%) of consumers say their spending plans are taking a hit due to the recent payroll tax changes, according to NRF’s 2013 Tax Returns Survey conducted by BIGinsight.

February 13, 2013

Retail sales ticked up in January as consumers adjusted their spending in response to the increase in payroll taxes and rise in gasoline and energy prices.

February 12, 2013

A new Symphony Consulting survey found that the new 2% increase in payroll tax is causing a major shopping behavioral change among lower-income families.

February 7, 2013

Although there were some surprising gains among retailers in January, for the most part results were expectedly mixed, as consumers took a hit on their take-home pay from higher payroll taxes but cooler weather gave a boost to others.

January 14, 2013

The National Retail Federation board of directors said it has adopted a resolution directing NRF to “strongly encourage” Congress to enact comprehensive tax reform in 2013, and it set out a list of principles aimed at achieving tax policy that would boost the economy and encourage job growth.

December 6, 2012

Dick’s Sporting goods will pay $2 special dividend before year end in a move to help investors avoid what are presumed to be higher dividend tax rates in 2013 and beyond.

December 3, 2012

Starbucks Coffee Co. is considering changes to its tax practices in the U.K. in the wake of criticism from lawmakers, tax campaigners and the media, according to Reuters.

August 21, 2012

California and Indiana have the highest statewide sales taxes in the country, but Tennessee and Arizona take top billing when local sales taxes are added to the calculation, according to a new analysis by the Tax Foundation, a Washington, D.C.-based think tank that monitors fiscal policy at the federal, state and local levels.

August 13, 2012

The Retail Industry Leaders Association (RILA) has taken issue with an opinion piece that appears in the August 1, 2012, issue of the Wall Street Journal.

August 6, 2012

Walgreens has agreed to create 500 jobs in Illinois over three years and invest $75 million to expand and renovate more than two dozen of its corporate offices, according to the Chicago Tribune.

August 1, 2012

The Retail Industry Leaders Association (RILA) has taken issue with an opinion piece that appears in the August 1, 2012, issue of the Wall Street Journal.

June 29, 2012

Texas joins eight other states in taking legislative action requiring online-only retailers, notably Amazon.com, to collect sales tax.

May 31, 2012

Amazon.com Inc. will begin collecting 7% sales tax from New Jersey residents starting in July 2013. The online giant announced the agreenment on Wednesday at the Statehouse in Trenton, N.J. It also announced it will build two distribution centers in New Jersey.

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