The US Supreme Court ruled today that states can force online retailers to collect sales taxes. This can put an end to tax-free shopping from online retailers like B&H and Adorama (Amazon is already collecting sales tax):
"Shares of online retailers fell sharply following the ruling, which opened the door to a new revenue stream to fill state coffers - up to $13 billion annually, according to a federal report. Because many e-commerce companies do not collect state sales taxes on purchases, they have had an advantage over brick-and-mortar businesses that do collect it. The ruling also likely will result in many consumers paying more for online purchases." (Reuters)
