Multistate – EBay earnings: Supreme Court sales tax decision is just one of a few headwinds

Market Watch
Published: July 18, 2018 12:49 p.m. ET


EBay is facing a number of headwinds, including the recent Supreme Court decision on state sales tax

Ebay Inc. is scheduled to report second-quarter earnings on Wednesday after the closing bell with the online retailer facing a number of headwinds, including the recent Supreme Court decision in South Dakota vs. Wayfair, which focused on state sales tax collection.

The Supreme Court ruled in June that states can collect sales tax from e-commerce retailers even if the vendor doesn’t have a physical presence in the state. Amazon.com Inc. AMZN, +0.00% could actually benefit from the ruling, but companies like eBay Inc. EBAY, -5.51% and Etsy Inc. ETSY, +0.43% , which have a number of small businesses on their sites, could run into challenges.

“Today’s ruling is limited to large online retailers and confirms that small businesses are clearly viewed differently by the court,” eBay told MarketWatch shortly after the decision. “Now is the time for Congress to provide clear tax rules with a strong small business exemption.”


For More Information:

https://www.marketwatch.com/story/ebay-earnings-supreme-court-sales-tax-decision-is-just-one-of-a-few-headwinds-2018-07-17

 

 

About ZASALT

https://saltcpa.com/ https://validate.saltcert.com/# https://saltcert.com/forms/