Walmart's $3 billion purchase of Jet.com has largely been praised as a win for both companies, but not everyone believes it was a good idea.
Supporters say the acquisition should help Walmart improve its e-commerce business, which has been criticized in the past for falling so far behind Amazon.
(Walmart's online sales were $13.7 billion in fiscal 2015, while Amazon's sales in 2015 were $107 billion).
Amazon's business is thriving, while Sears' is flailing. But if Amazon acquired Sears, both retailers could stand to benefit, industry expert Robin Lewis writes on his blog. He names a few reasons why Amazon acquiring Sears would be a smart business move.
With billions of state and local tax dollars going un-collected each year because a number of online retailers either aren’t required to collect the taxes or are shirking their responsibilities, a proposal circulating around Congress takes a new “simplified” (but really kind of complex) approach to get more e-tailers collecting sales tax.
For nearly 25 years, the general standard for whether a state could compel a mail-order or online retailer to collect sales tax from customers was that retailer’s physical presence (or lack thereof) in that state. More recently, some states have tweaked their laws so that total sales — and not physical connection — is the determining factor. Online tech store Newegg is the latest retailer to challenge these new rules, taking issue with Alabama’s determination that the company owes the state more than $185,000 in sales tax.
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 Paulo Santos:California has just reported Q4 2012 sales tax receipts. This is the first full quarter since California changed its laws to enable more sales tax collection from online retailers, instead of trusting individuals to pay these taxes voluntarily (which they didn't).