1. California Passes Law to Collect Sales Tax from Internet Purchases
... tax law is countered with a 1-percentage-point decrease in the tax that will occur simultaneously. The state of California, who approved the new law as part of a budget-related legislation, is expected to benefit greatly, raising an estimated $317 million a year in new state and local government revenue. In response, Amazon and Overstock told Internet marketing affiliates that they will stop paying commissions for referrals ... of so-called click-through customers (Lifsher). The state will not receive all of the $317 million, however. The state is predicting 25,000 affiliates, especiall...
- Word Count: 791
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate