General Motors announced Tuesday it will take a $7 billion hit due to the US tax reform but expects earnings this year to be comparable to the solid results in 2017.
A chapter in Amazon.com's long tax saga closed this spring when the online retailer began collecting sales tax on purchases in all 45 states that have one, long a goal of the online retailer's brick-and-mortar rivals.
Thirty-five state attorneys general and the District of Columbia this week signed on to support South Dakota's legal bid to collect sales taxes from out-of-state internet retailers.
South Dakota's Supreme Court on Thursday struck down a law that would require out-of-state retailers to collect sales taxes on in-state purchases—a defeat the state expected and welcomed in a case that eventually could ...
It would take at least 25 years for Wisconsin taxpayers to break even on Gov. Scott Walker's incentives to lure Taiwanese electronics giant Foxconn to the state, according to a fiscal analysis released Tuesday.
Forcing Amazon and other e-commerce companies to collect Arkansas sales taxes could generate up to $100 million annually in extra revenue, a senator said Wednesday, arguing his plan would put the state in a better position ...
Many online shoppers in the United States have for years had to pay state sales taxes whenever they buy goods from Amazon. But the Seattle e-commerce giant has dragged its feet on collecting sales taxes in small and sparsely ...
Buying things online could get pricier after the U.S. Supreme Court rejected a case Monday that could ultimately lead to states collecting billions of dollars in sales taxes lost to increasingly popular internet retailers.
Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service.
Technology giant Google is to pay £130 million (172 million euros, $185.4 million) in back taxes to Britain after an "open audit" of its accounts, the BBC reported Friday.