Dell Not Subject To Damage Claim For Collecting Too Much Sales Tax

Last month I wrote about Amazon.com‘s hasty exit from Texas when presented with a bill for $269 million in uncollected sales taxes (

(Reuters) - Sales tax from Internet commerce, a prize pursued for years by U.S. state governments, is starting to arrive in California and a few other states, providing millions of dollars in new revenue, though not as much as a benchmark study once forecast.

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If you’re one of the many Amazon customers whose state has yet to reach an agreement about the collection of online sales tax, this will probably be bad news.

That Congress has had aspirations on collecting sales tax on online purchases, which comprise an increasingly bigger portion of all retail sales in the US, in the past is nothing new. However, following last night's passage of the Marketplace Fairness Act in the Senate with a cloture-busting 74 votes for (and 20 against), the US may be very close to finally adopting a uniform standard taxing all online transactions, regardless of physical jurisdiction or any other geographic boundaries.

By Paulo Santos:In a Reuters piece today, we got further confirmation of something I've been saying all along: That sales taxes matter, and Amazon.com (AMZN) is going to see an effect from having to collect them.

By Karl Denninger: This is going to get good.As everyone is by now aware Amazon (AMZN) had "blowout" earnings [see transcript], sending the stock up $30, or 15% to $226.85. As one of the "high-flying darlings" of the world today they're a great stock to own right here and now, right?

Money Morning submits: By David Zeiler If state legislatures across the country get their way, Amazon.com Inc.'s (AMZN) 16-year holiday from collecting sales tax will come to an end - with unpleasant consequences for the online retailer.