Former retail CEOs hail online sales tax ruling: Old law rewarded a ‘form of tax evasion’

Former retail CEOs hail online sales tax ruling: Old law rewarded a ‘form of tax evasion’

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/21/ex-retail-ceos-hail-tax-ruling-old-law-rewarded-form-of-tax-evasion.html

The U.S. Supreme Court's decision Thursday to allow states to force online retailers to collect local sales tax will even the playing field between e-commerce and legacy retail, industry leaders told CNBC.

"This is a victory for common sense and the economic realities of this century," Jerry Storch, former CEO of both Toys R Us and Hudson's Bay, said on "Squawk Alley."