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Senate approves controversial online sales tax
The US Senate passed legislation Monday that would end years of tax-free online buying by allowing states to collect sales tax for Internet purchases from web giants like Amazon and eBay. The Marketplace Fairness Act sailed through the Senate 69-27, but before becoming law it needs to pass the House…
Cyber Monday shoppers spend record $1.4 billion
Online sales for “Cyber Monday,” the traditional debut for US holiday Web shopping, jumped to $1.465 billion this year, a research firm said Wednesday. The report from comScore said sales were up 17 percent from the same day in 2001 and was the biggest Internet shopping day ever. For the…
Holiday shopping online rockets in U.S.
WASHINGTON — US consumers turned in record levels to the Internet for holiday shopping this year, further boosting online sellers’ share of the huge national retail pie. Shopping via the Internet in the seven weeks before Christmas jumped 15 percent over a year earlier, according to market analysts ComScore. That…
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