Sunday, May 24, 2015

PA sets fall target for $300M/yr Amazon tax effort

State tax collectors target Amazon, online retailers

PA sets fall target for $300M/yr Amazon tax effort

"Pennsylvania plans to begin collecting sales taxes Sept. 1 by Internet retailers, including Amazon.com, that have a physical presence in the state," writes Journal of Commerce here.

"State officials had scheduled the start of collection for Feb. 1 but pushed back the date after some online retailers said they needed more time to adjust software and systems... Pennsylvania officials say the state missed out on $345 million in sales tax revenue last year from Internet and catalog sales by retailers such as Amazon," which has built a string of warehouses employing thousands in central PA.

"Amazon, the largest online retailer, has dropped its opposition to federal legislation to allow taxation of online sales, and has struck deals with several states, including South Carolina, Tennessee and Indiana, to begin collecting taxes in the next few years."

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano