New car sales seen up about 8 percent in May: research firms DETROIT (Reuters) – Auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new [...]
Existing home sales highest in almost three-and-a-half years By Lucia Mutikani WASHINGTON (Reuters) – Home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and the overall economic recovery. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual [...]
Poll: Michigan voters back sales tax hike to fund roads – Detroit Free Press Poll: Michigan voters back sales tax hike to fund roadsDetroit Free PressLANSING — The ride is bumpy in the rural area of western Michigan where Norman Knorr lives, and the retired accountant says he'd be willing to pay a 7% sales [...]
Best Buy profit tops estimates, sales miss (Reuters) – Best Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term. The news overshadowed a better-than-expected profit from the world's largest consumer electronics chain in the first quarter and [...]
Home Depot quarterly profit, sales rise (Reuters) – A nascent recovery in the housing market helped Home Depot Inc report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the year. Net earnings rose to $ 1.2 billion, or 83 cents a share, in [...]
Collect taxes from online sales – Lexington Herald Leader United Liberty Collect taxes from online salesLexington Herald LeaderIt seems like the biggest argument against the proposed Marketplace Fairness bill is that it would just be too much trouble. Too much trouble for online retailers to collect and remit taxes to multiple jurisdictions. Too much trouble [...]
Former Google UK exec alleges company misrepresented sales to avoid paying … – The Verge Former Google UK exec alleges company misrepresented sales to avoid paying …The VergeGoogle and other tech companies have come under fire for exploiting a common tax loophole to book revenues through their Irish subsidiaries, but today The Sunday Times is [...]
Sales Taxes and the Internet – New York Times United Liberty Sales Taxes and the InternetNew York TimesTwenty-one Republicans voted with 46 Democrats (and 2 Independents) recently to pass the Marketplace Fairness Act, a long-overdue bill allowing states to require online retailers to collect sales taxes and remit them to the state where the customer [...]
Grover Norquist is Right to Oppose Internet Sales Taxes – Huffington Post (blog) Grover Norquist is Right to Oppose Internet Sales TaxesHuffington Post (blog)In the last 40 years, mostly at Republican initiative, many US states and localities have dramatically increased sales taxes at the expense of property taxes. Only three states, New Hampshire, Oregon and [...]
Walmart Blames Sluggish Sales On Taxes, Enjoys Lower Effective Tax Rate – Forbes AFP Walmart Blames Sluggish Sales On Taxes, Enjoys Lower Effective Tax RateForbesIf you don't think timing and tax policy can be linked directly to the economy, think again. Delayed refund checks due to a late start to the tax season this year [...]