Sales tax

President Donald Trump on Thursday fired off more criticism at Amazon.com Inc., saying his problems with the internet retailer predate his election a day after a report that he’s “obsessed” with regulating the company.

Large digital companies operating in the European Union could face a tax on their gross revenue based on users’ locations.

States are tightening up sales tax laws for online stores.

The Solicitor General urged the justices to let state and local governments collect billions of dollars from online retailers.

President Donald Trump “feels strongly” that the U.S. should permit collection of state and local sales taxes on purchases made over the internet, Treasury Secretary Steven Mnuchin said on Thursday.

The outlook on state and local tax for the coming year

Amazon has informed its third-party sellers whose products are stored in its facilities in Massachusetts that it will be providing information to the state tax authority in what is believed to be a first for the company.

The Supreme Court may be on the verge of tidying up an issue that has vexed states since the beginning of online sales—the attempt to collect tax on the sales by remote sellers into their states.

The U.S. Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone.

State governments are worried about the potential loss of tax revenue after passage of the Tax Cuts and Jobs Act and may be forced to restructure their tax laws.