Tag Archives: e-commerce

Uncollected Internet Sales Taxes Cost Missouri $468 Million Annually, MU Study Shows

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MU researchers recommend legislative action to help local economy, state revenue

COLUMBIA, Mo. – Internet, or e-commerce, sales have increased over the past two decades, comprising nearly 17 percent of the total U.S. sales in 2009. However, many states, including Missouri, have no effective means of collecting taxes on those sales. Researchers at the University of Missouri Truman School of Public Affairs found that the state lost approximately $468 million annually in sales tax revenue during the past decade.

Federal law and U.S. Supreme Court rulings only allow states to levy sales taxes on a business with a physical presence in the state. For example, Amazon.com does not charge sales tax in Missouri because it is physically located in California. However, Wal-Mart charges sales tax, since it has stores in Missouri. In the study, researchers analyzed historical data on e-commerce activity and estimated that the state will miss out on $1.4 billion in potential revenue from 2011 to 2014. (more…)

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comScore Reports $37.5 Billion in Q2 2011 U.S. Retail E-Commerce Spending, Up 14 Percent vs. Year Ago

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*comScore Chairman Gian Fulgoni to Present Update on Q2 2011 E-Commerce Trends in Upcoming Webinar*

RESTON, VA, August 8, 2011 – comScore, Inc., a leader in measuring the digital world, today released its Q2 2011 U.S. retail e-commerce sales estimates, which showed that online retail spending reached $37.5 billion for the quarter, up 14 percent versus year ago. This growth rate represented the seventh consecutive quarter of positive year-over-year growth and third consecutive quarter of double-digit growth rates. (more…)

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U.S. Online Holiday Spending Surpasses $17.5 Billion for First 35 Days of the November-December Shopping Season, up 12 Percent vs. Last Year

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*More than 50 Percent of All E-Commerce Transactions for the First Five Weeks of the Holiday Season Have Included Free Shipping* 

RESTON, VA, December 8, 2010 – comScore, a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 35 days of the November – December 2010 holiday season. For the holiday season-to-date, more than $17.5 billion has been spent online, marking a 12-percent increase versus the corresponding days last year. The most recent week saw four individual days eclipse $800 million in spending, led by Cyber Monday, which became the heaviest online spending day on record at $1.028 billion. Tuesday, November 30 reached $911 million, making it the third heaviest online spending day on record, with Wednesday ($868 million) and Thursday ($850 million) also reaching high levels, although growth rates for the season subsided in the latter half of the week and through the weekend.  (more…)

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Amazon Payments Launches New Streamlined Customer Experience for “Checkout by Amazon” — Millions of Amazon Customers Can Now Checkout Directly on Merchant Websites

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SEATTLE, Sep 09, 2010 (BUSINESS WIRE) — Amazon Payments Inc., an Amazon.com company (NASDAQ:AMZN), today announced the next generation of Checkout by Amazon (CBA) that enables Amazon.com account holders to make purchases on a merchant’s site using their Amazon.com account credentials without leaving the merchant’s site.

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