Groupon, Livingsocial Sales Tax Grasped By New York


After a few periods of time, the state tax administrators of New York has decided that vendors will have to collect sales tax regarding the full face value of products bought using vouchers from Groupon, LivingSocial and other Internet discount deal websites given that the vouchers are for a certain dollar price.  This move could only means that there will be more tax money for government and could make several daily deals attract New York consumers and vendors a little.  According to a hypothetical review, the deals have become a dropping plan for one-third of the retailers who will participate.

 

Excerpt:

“But this week, my son was talking with an Apple Store employee who said that Jobs’ absence could change Apple’s anti-Flash policy – thus ending the frustration that iPhone and iPad users feel when they can’t get access to videos that use the popular program.”

 

Original article can be found at:

http://www.forbes.com/sites/janetnovack/2011/10/17/new-york-makes-grab-for-groupon-living-social-sales-tax/

 

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