There’s never a boring day in retail. This is especially true under the Trump administration. There are many changes in the works with different moving parts. Here is a quick overview of different laws, policies, and agreements currently up for debate and how they may impact retail.
For months, President Trump encouraged Congress to have tax reform legislation on his desk by Christmas 2017. The House passed their version of the bill on November 16th; the Senate passed their version on December 2nd.
Online sales tax has been in the national spotlight this past year for a number of reasons.
In the March issue of Independent Retailer, we interviewed SoftBank, the robotics company who owns Pepper, the retail robot. Though we focused on the consumer-facing implications of robotics in the retail industry, there is much more to the puzzle.
Tax reform is the next item on the White House agenda after healthcare and the federal budget. Overall, President Trump has promised big tax cuts for corporations and for middle-class Americans, all in the name of strengthening American businesses, creating jobs, and bolstering the economy.
State governments are applying pressure on Congress to restructure online sales tax. Currently, online sales tax follows the same guidelines as mail, catalog, and phone retail orders.
When companies think of the holiday season, they usually think of turning over a lot of new merchandise.
In 2014, three researchers at Ohio State University wanted to investigate how the so-called ‘Amazon Tax’ would affect the ecommerce company.
If you are like many retailers, one of your greatest ongoing challenges is disposing of excess inventory.
The National Federation of Independent Business (NFIB) recently launched four new online calculators designed to help small business owners estimate new taxes and compliance costs under the healthcare law. Many provisions of the healthcare law went into effect October 1.