For Target and Best Buy, long-sought online tax bill seems close



By Thomas Lee, Star Tribune

“With the U.S. Senate poised to pass a bill to allow the collection of online sales taxes, mega-retailers such as Best Buy Co. and Target Corp. are close to a legislative dream they have pursued for decades.

Only one problem: the issue might not matter as much anymore. Best Buy and Target, both based in Minnesota, have long argued that Internet giants like Amazon and eBay can unfairly offer lower prices because states do not require them to collect sales taxes. The federal legislation, called the Marketplace Fairness Act, authorizes states to require online retailers to collect the tax.”

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