How Will The New Sales Tax Ruling Impact Online Retailers?
In a close landmark decision, the Supreme Court just ruled in favor, 5-4, of allowing states to collect sales tax from online retailers regardless if they have a physical presence in the state. The decision arose from a 2016 lawsuit filed by the State of South Dakota, against online retailers Wayfair (NYSE:W), Overstock.com (NASDAQ:OSTK), and Newegg.