As a matter of fairness, Congress should pass an Internet sales tax bill. But the final bill should fix problems for retailers having to deal with tax codes from multiple jurisdictions.

By TheStreet Staff May 7, 2013 4:31PM

thestreet logoCursor on shopping cart icon button © Ed Honowitz, Photodisc, Getty ImagesBy Peter Morici


The Senate on Monday passed the Marketplace Fairness Act on a 69-27 vote, empowering states to collect sales taxes for out-of-state purchases made online. The legislation is expected to face a bigger hurdle in the House. Though flawed, the House should improve the measure and then approve it. 


I don't like the idea of  state and local governments collecting more tax revenues -- they know no limits to their capacity to squander our hard-earned dollars. But the current situation is unfair,  and bad economic policy.


In 1992, the U.S. Supreme Court held that states did not have the power to levy taxes on online sales unless the retailer has a physical presence in their state. Consequently, major online retailers like L.L. Bean routinely collect the appropriate state sales taxes in jurisdictions where they have a store or warehouse but do not on sales in states where they do not have a physical presence.


The appointment of Renée James as president demonstrates the board's commitment to a new strategy to help take Intel chips into new devices.

By TheStreet Staff May 6, 2013 8:15PM

thestreet logoIntel logoBy Dana Blankenhorn


Intel (INTC) is going to some pains to make it appear the appointment of Brian Krzanich as chief executive is an orderly succession.


It's not.


While Krzanich is being given the keys to the car, he's not sitting in the front seat all alone. There's a president next to him. The two share an "executive office," giving this president extraordinary power.


Those who have commented on this note that said the president, Renée James, is a female person.


Tablets have changed how we use media, and in an amazingly short time. Are you and your investments aligned with this trend?

By TheStreet Staff May 3, 2013 12:27PM

thestreet logoTablet computerBy Dana Blankenhorn


Last night I put the ballgame on my TV, turned off the sound, pulled on some headphones, and watched a different TV show on my Amazon (AMZN) Kindle Fire.


Meanwhile, my wife read a succession of books on her Kindle; in her college dorm, our daughter played with her new Apple (AAPL) iPad.


The tablet era was supposed to arrive slowly but instead it came in with a bang.


The latest reports from market research company IDC tell the tale. Tablet sales up 142% year over year in the first quarter. PC sales down almost 14%.


The nation's largest retailer expects e-commerce to fuel its next wave of growth as it more directly competes with Amazon and Google.

By TheStreet Staff May 2, 2013 5:03PM

thestreet logoWoman with laptop © Mike Watson Images/CorbisBy Laurie Kulikowski, TheStreet


Wal-Mart Stores (WMT) is betting that online sales will fuel the next wave of significant growth for the world's largest retailer as it more directly competes against Amazon (AMZN) and Google (GOOG).


"E-commerce is the next growth engine for Wal-Mart," Neil Ashe, president and CEO of Walmart's global e-commerce division, said May 1 at a New York investor conference. "We view this as an opportunity for us to grow pretty dramatically." 

Emphasizing the company's plans to grow its digital sales, Ashe spoke at Barclays' Retail and Consumer Discretionary Conference in New York.


The Internet retailer is more than just the Wal-Mart of the Web. It's competing with -- and often beating -- some tech heavyweights in the lucrative area of online services.

By TheStreet Staff May 1, 2013 6:04PM

thestreet's logo on boxesBy Dana Blankenhorn, TheStreet


 I once owned some (AMZN). I bought it at $180/share and sold it at $230/share.


I sold because I thought it overpriced, but it hasn't seen that price since then. It's now at $250, and TheStreet's Robert Weinstein says the next time I see that $230 price, it'll be going down, down, down to stay.


Maybe. Any growth story is harder to sustain as numbers get bigger. As they get bigger they get serious and leave their marks everywhere. On the land, on government, on the public mind.



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