In its second-largest acquisition, Amazon buys the company for $970 million.
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Circuit City uses proprietary software to calculate sales tax on all online purchases, something it has done since 1999. The company won’t say how much it costs to collect and remit the tax.
“Those who see the writing on the wall are supportive of
collecting sales tax,” says NRF’s Whittaker. “A lot of Internet retailers believe
they are not getting a competitive advantage by not collecting a sales tax.
This is because consumers shop online for convenience.” How legible that writing
on the wall is will have a lot to do with what happens on Capitol Hill this