Supreme Court to hear SD online tax dispute

13 January, 2018, 13:33 | Author: Cecil Buchanan
  • Protesters brave the heat in July 2017 outside of the John H. Wood Jr. Federal Courthouse during a demonstration about suppression of the minority vote due to the redrawing of districts. The U.S. Supreme Court has accepted the redistricting case Friday

The years-long legal fight over Texas' political maps is expected to go before the U.S. Supreme Court for oral argument this spring, creating the possibility that some of the state's congressional and state House districts might be scrambled before the November elections. Its legislature imposed a sales tax on online retailers who sell to customers in the state, knowing that the state would be struck down unless the Supreme Court changed its mind. That court affirmed a lower court order requiring the state to fix or replace hundreds of culverts, large pipes that allow streams to pass beneath roads but can block migrating salmon if they become clogged or if they're too steep to navigate.

"The Court's decision to grant South Dakota's petition is an important signal for retailers that invest in storefronts and jobs in local communities", said RILA General Counsel and Retail Litigation Center President Deborah White. The Government Accountability Office estimates that, had they been allowed, states and local governments could have collected as much as $13 billion in additional taxes on online sales.

Rep. Kristi Noem, R-South Dakota, is also a sponsor of a measure meant to clear a path for simple online taxation.

The effect on the races will depend on what the Supreme Court decides.

"A case questionable even when decided, Quill now harms states to a degree far greater than could have been anticipated earlier", Kennedy wrote.

Under previous Supreme Court rulings, when internet retailers don't have a physical presence in a state, they can't be forced to collect sales tax on sales into that state.

The court will likely hear South Dakota's dispute sometime during the current term which ends in June.

Antonio Brown misses Friday practice with illness ahead of Jaguars-Steelers rematch
They are coming off a ragged 10-3 win over the Buffalo Bills , a game in which quarterback Blake Bortles threw for just 87 yards. His most productive game of the season came in Week 17 against Cleveland when he racked up eight tackles and two sacks.


Gatwick joins record-breaking year
Gatwick Airport rounded off a trio of records for London airports, announcing today it welcomed 45.6m passengers a year ago . The growth comes despite the airport's seventh biggest airline, Monarch, entering administration in October.


Crazy Volume Spikes for: Vail Resorts Inc. (MTN)
The stock of NeoPhotonics Corporation (NYSE:NPTN) has "Outperform" rating given on Monday, December 7 by Northland Capital. Public Employees Retirement Association Of Colorado invested 0.11% of its portfolio in Vail Resorts, Inc . (NYSE: MTN ).


South Dakota passed a law two years ago with the intention of overturning the ruling by demanding retailers with more than $100,000 in annual sales pay a 4.5 percent tax on all sales.

South Dakota has no state income tax and relies heavily on sales taxes to fill state coffers.

State Attorney General Marty Jackley says that "Main Street" South Dakota and $50 million are at stake in the big case he will soon argue before the U.S. Supreme Court.

The Supreme Court's decision to weigh the state's appeal will further delay any redrawing efforts even after nearly seven years of litigation between state attorneys and voting and minority rights groups that challenged the maps. Those maps are now in use, but opponents added them to the legal challenge because they say the discriminatory issues carried over from the original maps.

They said that the number of taxing jurisdictions in the United States is estimated at between 10,000 and 16,000. "Moreover, the integration of tax collection software is extraordinarily expensive". Meanwhile, smaller online retailers, who don't have vast networks of stores, don't have to collect the tax where they don't have a physical presence. "We are hopeful it will lead to a positive outcome that reflects the realities of 21st century commerce", the trade group's president, Matthew Shay, said in a statement.

Wayfair, Overstock and Newegg said the court should reject the appeal and leave it to Congress to set the rules for online taxes.

Summary of Sioux Falls' sales tax slow down.

Recommended:

  • Diet Coke Launches Into 2018 With Full Brand Restage in North America

    Diet Coke, known as Coca-Cola light in most global markets, is available in more than 110 countries around the world. A new Coca-Cola advert will hit screens next week, focusing on the brand's flourishing Zero Sugar variant.
    NC Gerrymandered Map Ruled Unconstitutional By Panel Of Judges

    NC Gerrymandered Map Ruled Unconstitutional By Panel Of Judges

    This marks the first time that a federal court has overturned congressional district maps because of partisan gerrymandering. House, Republicans have dominated, winning 13 of the state's 18 seats in each of the last three elections.
    Sensex, Nifty open at fresh record highs

    Sensex, Nifty open at fresh record highs

    At 11:04 AM, the BSE Sensex was trading at 34,580, up 76 points, while the broader Nifty50 was ruling at 10,675, up 24 points. China reported trade data for December with exports moving up 10.9 percent and imports rising 4.5 percent.
  • Martin Luther King Jr

    Martin Luther King Jr

    The event will feature works from local school students and their interpretation of this year's theme. Abigayle Lawson, victor of the 2018 MLK Oratorical Contest, will recite the "I Have a Dream" speech.
    Randall Beach: A timely movie about truth comes to our theaters

    Randall Beach: A timely movie about truth comes to our theaters

    Not much has changed, you think, perhaps world over, which is what makes Steven Spielberg's film inescapably timely and pertinent. At a time when "fake news" is bandied about as a way to undercut the profession, it's great to see why reporters do what they do.
    Manufacturers Life Insurance Company Invests $24539000 in United Continental Holdings, Inc. (UAL)

    Manufacturers Life Insurance Company Invests $24539000 in United Continental Holdings, Inc. (UAL)

    Disciplined Growth Investors Inc decreased Ethan Allen Interiors Inc Com (ETH) stake by 1.27% reported in 2017Q3 SEC filing. Ethan Allen Interiors Inc. (NASDAQ:PCYG) has risen 33.37% since January 12, 2017 and is uptrending.
  • Placing the Spotlight on EM Local Bond ETF Barclays Capital SPDR (EBND)

    With the stock market trading at current levels, investors may be tossing around ideas about how to trade the next few quarters. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
    Analysts Set The Coca-Cola Co (KO) PT at $48.44

    Analysts Set The Coca-Cola Co (KO) PT at $48.44

    First National Bank Of Mount Dora Trust Investment Services sold 7,459 shares as the company's stock rose 6.48% with the market. Almanack Investment Partners LLC. purchased a new stake in shares of The Coca-Cola in the second quarter worth about $142,000.
    Don't commit to Liam Neeson in 'The Commuter'

    Don't commit to Liam Neeson in 'The Commuter'

    If MacCauley can identify a passenger who, as Joanna describes "does not belong", he will be rewarded with $100,000 cash. Don't get it wrong; The Commuter is enjoyable as hell, though it's missing that spark that's made Neeson an action star.
  • Hundreds crowd Fairbanks Sam's Club as store reopens for final days

    Hundreds crowd Fairbanks Sam's Club as store reopens for final days

    Sam's Club employees and its customers were not given advance notice of the cutbacks. The store will reopen Friday before permanently closing in two weeks.

    Cisco Systems Inc (NASDAQ:CSCO) Institutional Investor Sentiment Trend

    Garmin Ltd. had 30 analyst reports since July 30, 2015 according to SRatingsIntel. (NASDAQ:CSCO) or 121,390 shares. The stock has a market cap of $202,050.00, a PE ratio of 21.18, a P/E/G ratio of 3.57 and a beta of 1.19.

    Texas Instruments Incorporated (TXN) Insider Sells $983035.60 in Stock

    Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future. Fifth Third State Bank holds 0.1% of its portfolio in Texas Instruments Incorporated (NASDAQ: TXN ) for 157,861 shares.


Popular

Death toll rises in wake of mudslides
This follows last month's wildfires in Southern California , which were intensified by the Santa Ana winds. Highway 101 were shut down and could remain closed until Monday , officials said.

Trump calls televised immigration talks 'tremendous'
Earlier in the day, Mr Trump took aim at the country's libel laws, describing them as a "sham" and a "disgrace". Republicans who know an illegal immigrant and those who do not want to see illegal immigrants deported.

Rory McIlroy tells Telegraph of heart irregularity after China virus scare
Let's just say that between now and when I signed off previous year , I feel way more optimistic, focused, motivated, purposeful. I don't feel I need to compare myself to anyone else, because I know what I can do.

Occidental Petroleum Corporation (NYSE:OXY)
The company reported the earnings of $0.18/Share in the last quarter where the estimated EPS by analysts was $0.11/share. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 63.6%.

China FX regulator weighs in on USA bond-buying story
Significant strength was also visible among energy stocks, which benefited from a continued increase by the price of crude oil. After coming under pressure early in the session, stocks regained ground over the course of the trading day on Wednesday.

Khalil Tate: I didn't come to Arizona to run the triple option
Tate was named Pac-12 Offensive Player of the Week for four consecutive weeks in 2017, which set a conference record. The dual-threat quarterback passed for 1,591 yards and 14 touchdowns and 9 interceptions in his sophomore season.

Intuitive Surgical's (ISRG) Overweight Rating Reiterated at Barclays
Sio Capital Management Llc increased Catalyst Biosciences Inc stake by 68,463 shares to 421,635 valued at $2.13 million in 2017Q3. Insider trading activity is a great indicator of how a stock is performing, so let's take a look at Intuitive Surgical, Inc .

London Family Could Derail New £1 Billion Stamford Bridge
Chelsea's £1bn Stamford Bridge redevelopment is under threat from a local family who are making light of it. A FAMILY have blocked Chelsea's £1billion stadium plans because they say it will block out their light.

United Parcel Service, Inc. (UPS) — Recommendation Trends Analysis
Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. First PREMIER Bank boosted its stake in shares of United Parcel Service by 5.0% in the second quarter. (NYSE: UPS ).

John Cena Reveals Big Announcements
Well, now it's being reported that the company is planning to have John Cena face The Undertaker at this year's big show. We can't see him, but that's only because he's never in one spot for very long.