In a press release (June 25, 2018) Overstock begins moving their business model physically, virtually and financially. Overstock will now begin to collect sales (use) taxes in all states.
SALT LAKE CITY, June 25, 2018 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK) will begin expanding its physical and digital operations, including supply chain, marketing, and recruiting, into states in which tax nexus concerns previously prevented the company from having a direct presence.
The online home goods and furniture retailer voluntarily started the process to collect sales tax on purchases made by consumers from the more than 12,000 unique U.S. tax jurisdictions following the June 21, 2018 Supreme Court ruling on South Dakota v. Wayfair.
Overstock continues to urge Congress to legislate a fair and equitable solution for sales tax law that takes into account the best interests of both consumers and entrepreneurs.