WASHINGTON (Reuters) - States may force online retailers to
collect potentially billions of dollars in sales taxes, the U.S. Supreme Court
said in a major ruling on Thursday that undercut an advantage many e-commerce
companies have enjoyed over brick-and-mortar rivals.
In a 5-4 ruling reviving a South Dakota law challenged by
Wayfair Inc, Overstock.com Inc and Newegg Inc, the justices overturned a 1992
high court precedent that had barred states from requiring businesses with no
“physical presence” there, like out-of-state online retailers, to collect sales
taxes.
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