Cyber Monday surprise: More sites charging sales taxes [CBS News]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: CBS News
Cyber Monday deal hunters will see more sites charging sales taxes in 2018 Shoppers heading online to purchase holiday gifts will find they're being charged sales tax at some websites where they weren't before. The reason: the Supreme Court. A June ruling gave states the go-ahead to require more companies to collect sales tax on online purchases. Now, more than two dozen have moved to take advantage of the ruling, many ahead of the busy holiday shopping season. "Will your shopping bill look any different? ... The answer right now is it depends," said Jason Brewer, a spokesman for the Retail Industry Leaders Association, which represents more than 70 major retailers. Whether shoppers get charged sales tax on their online purchases comes down to where they live and where they're shopping. Before the Supreme Court's recent decision , the rule was that businesses selling online had to collect sales tax only in states where they had stores, warehouses or another physical presence. That
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BBY
News
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BBY
Earnings
- 11/25/25 - Beat
BBY
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/10/25 - Form 8-K/A
- BBY's page on the SEC website