With the so-called "Amazon Tax" taking effect in New York state on Sunday, Overstock.com filed suit Friday against New York, joining Amazon.com, which filed a similar lawsuit in early May.

On Sunday, June 1st, the so-called "Amazon Tax" goes into effect in New York state. While formerly only retailers with brick-and-mortar stores in a state were required to collect sales tax, New York has enacted a law which forces etailers to collect tax on sales, if they have affiliates which redirect traffic to their sites (e.g., Amazon.com affiliates).

We wrote earlier about the so called Amazon Tax that the state of New York is making ready, which would force e-tailers to collect sales tax on purchases made by New York State residents. In the past sales tax collection has only been required of retailers who had a physical presence in a state.

The passage of New York's so-called "Amazon Tax," bill, which would force e-tailers to collect sales tax from New Yorkers making purchases, has since been signed, as it set to go into effect on June 1st, bringing in an estimated $50 million in revenue this year and $75 million in 2009.

Governor Sanford of South Carolina Calls for Income Tax Rate Cut of 50 Percent. He proposes optional flat tax to be offset by cigarette tax increase.

A committee of the Florida Taxation and Budget Reform Commission on Thursday gave first approval to a plan (CP 0002) that would mandate taxation of goods and services to buy down school property taxes, despite strong opposition from business groups concerned the measure would jeopardize Florida’s ability to compete for new business and industry.

With industry and tax payer- friendly initiatives taken by Finance Minister P Chidambaram this year, the government of India has succeeded in achieving unprecedented growth in tax collections.

The idea of a 2% service tax is appealing to Michigan's Governor Granholm because it avoids having to deal with limitations on taxes that the citizens of Michigan voted into their state constitution.

Michigan wants to increase service tax to help the economy.

Republican presidential candidate Fred Thompson on Sunday proposed costly changes to the nation’s tax system that he said would stimulate the economy, including giving Americans the option of paying a flat tax or continuing under the current system that allows various deductions, write McClatchy journalists.

The Ways and Means Committee of the U.S. House of Representatives on Thursday said it will hold hearings after the July 4 congressional recess on taxation of private-equity firms and related issues, Reuters reported.