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Previous: Google Friend Connect Legislators, Heads Up: Before you enact laws that you think might bring in more money to your coffers, consider what those laws do to the small businesses in your state - and how much you'll lose in both sales tax and income tax when those small businesses go out of business as a result of your legislation. Case in point: New York State's recently passed law requiring businesses with affiliates located in New York State to collect taxes on all New York State purchases if NY affiliate sales exceed $10,000, even when the company, itself, does not have a physical presence in the state. Laws like that can cause companies outside of New York to stop doing business with NY companies. And that's exactly what at least one company has done. Overstock.com, a company that has affiliates in many states has issued a notice to all New York state affiliates that they are being dropped from the Overstock Affiliate Program. (Business Know-How is a New York company and I don't know how many New York businesses made a significant amount of their business from Overstock, but if there are any, they now can forget that source of income. And, New York state can forget about income tax they would have collected on the business owners' earnings. New York: You're losing far more than you'll gain with foolish laws like this one. | Comments (6) Comments While I feel some pity for NY affiliates I applaud Overstock.com for its stance and hope other companies will follow in their footsteps. Maybe if enough business people get shorted by bad laws made by those in public office, an outcry will happen and those in political control will get voted out. Posted by: John Schulte on May 20, 2008 at 6:14 PM Its not an easy solution. From a macro standpoint, tax is a tricky subjet online. Its difficult to track and difficult to know who and how to charge. Overstock had to do what it had to do. Its a myopic stance by NY, and will either be changed, or actually be mimiced by other states. Posted by: nwest on February 3, 2009 at 5:19 PM I remember looking forward to the ice cream at the old location which I think before it was Fjord’s it was a gas station. My family and I would all gather in a line at the little old building and enjoy Black Hills Gold (my favorite) and my sisters would love bubblegum flavor. I remember when it was extremely hard to find a parking space during the summer because it was so popular. It’s too bad when they moved they couldn’t have made the inside and outside a little more appealing. I heard that when they were faced with moving they couldn’t find an affordable building plan and that they planned on closing, but I believe someone found them a plan that would work and here they are today. It’s too bad the new building really doesn’t seem any larger than the old one though. Also, like all good things, their prices have really sky-rocketed and you just don’t get the same big scoop that you used to be able to get for the money. Last time I was there I was very dissapointed. Maybe someone could come in there and try bringing back the old fashioned fun that the little shop across from Dairy Queen used to have. Posted by: business-house.blogspot.com on March 20, 2009 at 10:08 AM New York State laws has always been different. The overstock.com is only one example of a company that follows the legislation. However, many others will expand their affiliate networks to other sates and still benefit. Posted by: Mike on August 17, 2009 at 5:45 PM New York State laws has always been different. The overstock.com is only one example of a company that follows the legislation. However, many others will expand their affiliate networks to other sates and still benefit. Posted by: Mike on August 17, 2009 at 5:46 PM |
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Overstock.com Drops NY Affiliates
Keep electing Dummycrats and you will get more of this
Posted by: Perley on May 20, 2008 at 11:34 AM