Can retail survive the war against Amazon?
With news that Amazon finally agreed to start collecting sales tax on most of its goods, many began to wonder whether or not retail itself would survive from the online behemoth who controls a big if not all of the online-marketplace ‘market’ in its whole.
However when the state of Texas presented Amazon Inc with an unpaid tax bill of $269million Amazon was quick to close some of its merchandising centres in the area opting for more cost effective centers in different areas; whereas they almost instantaneously implemented a change to their service to ‘charge sales taxes’.
With this new change Amazon hopes to implement yet another change; whilst experts say the change itself could change the face of online shopping forever. According to reports, Amazon plans to offer ‘same day shipping’ to certain mainstream shopping areas they plan on building new and bigger centers in.
- Wal-Mart Pushes Web Sales Tax as Washington Clout Grows: Retail – Bloomberg (bloomberg.com)
- Get ready to pay sales tax on Amazon (money.cnn.com)
- Sales Taxes for Online Retailers Move Closer to Reality (dailyfinance.com)
- Amazon taxes here, on the way (bankrate.com)
- How Amazon ‘caving’ to sales tax demands could spell trouble for traditional retail (theverge.com)
- Republican governors drop opposition to online sales taxes (feldmanfile.blogspot.com)