Overstock Sues New York Over Affiliate Tax
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I just saw on a Tweet from Linda Buquet that Overstock has filed a lawsuit to fight the New York affiliate tax.
Overstock.com, Inc. (Nasdaq: OSTK) announced today that it has filed a lawsuit challenging New York’s new tax law that requires internet retailers to collect and pay to the New York state tax on their New York sales despite the fact that the retailer has no physical presence or nexus in New York.
The controversial new law attempts to redefine the relationship that internet retailers have with their New York-based advertising affiliates by requiring that when those affiliates solicit customers, the internet retailers collect and pay sales and use tax from all their New York customers.
Overstock.com, which is based only in Utah, has no operations in New York, and sells exclusively through the internet, views the new law
It’s great to see another online retail powerhouse fighting the state of New York over the affiliate tax.
Earlier this week, Overstock chairman and CEO Patrick Byrne shared his perspective in my blog comments on this issue.
Go Patrick… go Overstock… fight the good fight!
Linda has some more information on her 5 Star Affiliate Programs Blog.
Read the Overstock press release for more details.
- Posted in Affiliate News
10 Comments
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On June 1 @ 12:59 pm posted[...] SUNDAY 6/1 Other coverage about the Overstock suit: Overstock Sues New York Over Affiliate Tax Affiliate [...]
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On June 2 @ 3:37 am posted
[...] Shawn Collins the Affiliate Marketing Industry legend and co founder of AffiliateSummit.com also has been spearheading communications of information throughout the community and taking a positive stand in support of Overstocks efforts on his popular blog AffiliateTip.com [...]
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On June 5 @ 12:18 pm posted
[...] Overstock Sues New York Over Affiliate Tax [...]
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On June 5 @ 12:28 pm posted
[...] Overstock Sues New York Over Affiliate Tax [...]
BRAVO Overstock and Patrick Byrne for stepping up and working together with the interactive marketing community
BRAVO Shawn and Linda for the great awareness coverage and information to help get everyone working together on this and acting as a community with a voice!
reply to this commentForbes article that needs more comments from our industry http://rate.forbes.com/comments/CommentServlet?...
reply to this commentJust left a comment there myself.
reply to this commentGreat Shawn!
reply to this commentLove the last part about Albany focusing on cutting their spending rather than creating laws they don't understand. I feel like ordering them some books from Amazon such as ” The Long Tail” and “ground Swell” with a hint of “The World is Flat”
i had read it on 1st june that overstock has filed a law suit against challenging New York's new tax law that requires internet retailers to collect and pay to the New York state tax on their New York sales despite the fact that the retailer has no physical presence or nexus in New York.
its has been a gutsy step from Patric. to stand against the system
JWP
reply to this comment——————-
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i had read it on 1st june that overstock has filed a law suit against challenging New York's new tax law that requires internet retailers to collect and pay to the New York state tax on their New York sales despite the fact that the retailer has no physical presence or nexus in New York.
its has been a gutsy step from Patric. to stand against the system
JWP
reply to this comment——————-
Need traffic? Need SEO and backlinks? Social Media Marketing TurnKey Solution