Oh yes, I forgot about that, there are 4 states with no sales tax, and then Alaska only collects retail tax locally. I am so accustomed to dealing with sales tax in so many states that I forget there are actually states that don’t have it.
VCA ~ Van Cleef Arpels Discussion thread!
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Oh yes, I forgot about that, there are 4 states with no sales tax, and then Alaska only collects retail tax locally. I am so accustomed to dealing with sales tax in so many states that I forget there are actually states that don’t have it.
As I responded to nicole I forget that there are 4 states that do not collect sales tax and Alaska has only a retail tax at the local level.
This ruling allows states to collect sales tax from an entity that does not have a brick and mortar presence in their state. So they will be able to collect sales tax from the online sales of out of state vendors. I can’t see any of the states choosing to opt out as this is going to increase revenue for the states.
I thought it was more targeted towards ONLINE purchasing - specific vendors (not necessarily "out of staters'. Don't want to mention names...
Fo a while now I have been paying state sales tax on my internet purchases from any company that had a brick and mortar store in my state and on Amazon purchases that are sold and shipped by Amazon. AL collects state sales tax on out of state purchases by having the taxpayer report those purchases on their state income tax return, although IMO this is very loosely enforced. So, yes I think for now the change will affect few of the larger online retailers rather than an overall affect on any vendor who sales merchandise online. This change will DEFINITELY affect my VCA purchases! [emoji22][emoji22]
PLEASE...we NEED an UNLIKE button for moments like this !!!!
I am sure you will be more (even more) selective now. I know that many people will feel the same way.
I think Delaware has no sales tax. But I wonder if there's a VCA...
Regarding the sales tax on online purchases, i read that the South Dakota law in the Supreme Court ruling exempted collecting sales tax on vendors who sell less than 200 separate transactions or over $100,000 per year. I am relieved because upon occasion I sell some of my personal collection (Hermes mostly) on eBay and affinity group facebook groups. And I do not want to deal with sales tax.
Maine also adopted a similar law expecting a favorable ruling in the South Dakota case.
People may have a limited amount of time to buy stuff without sales tax as individual states would have to draft and enact laws for their individual states/jurisdictions.
Regarding the sales tax on online purchases, i read that the South Dakota law in the Supreme Court ruling exempted collecting sales tax on vendors who sell less than 200 separate transactions or over $100,000 per year. I am relieved because upon occasion I sell some of my personal collection (Hermes mostly) on eBay and affinity group facebook groups. And I do not want to deal with sales tax.
Maine also adopted a similar law expecting a favorable ruling in the South Dakota case.
People may have a limited amount of time to buy stuff without sales tax as individual states would have to draft and enact laws for their individual states/jurisdictions.
Hadassa, yes you are correct, it is LESS than $100K.
Here’s a link to a CNN article on the issue:
http://money.cnn.com/2018/06/21/technology/wayfair-vs-south-dakota/index.html
The ruling just applies to ONLINE purchases so it seems if you buy vc&a in a store but ship it to an address in a non vc&a state you wouldn’t pay tax.
So the catch is, you must be physically present to make the purchase, then ship to not pay tax.
That is how I have made most of my large purchases in the past, I have properties in TN and KY, neither have VCA, Cartier, Hermes, etc. Glad this will not affect my ability to do that.
I am NOT American, so this really does not affect me but I like the process of being educated about things, so the day someone tries to pull one over on me, I will know how to respond
Something to consider is if VCA changes their policies and procedures to streamline their processes. I understand that Tiffany is not VCA in any way. But Tiffany has been charging sales tax in states that they do not have an actual physical storefront for years, the exception is Oregon, where they have a store but assess no tax given that Oregon is 0% sales tax state. I use Tiffany as an example (there are others like Chanel) that decided for their own business practices to assess state sales tax even though they have no physical brick & mortar presence. VCA could choose just like Tiffany to assess state sales tax in states that have a sales tax regardless if purchased online or in store & shipped elsewhere. This will definitely be interesting to see what the companies decide to do.