Sears Land End News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Untaxables
Sarah Harney
  |  
July 2002
In May, the announcement by Sears that it plans to buy Lands End set the retail industry abuzz. Since then, analysts have been speculating about how the department store chain will merge its old-line business with a mail-order and online company, and what that combination portends for the future of retailing.
Whatever it might mean to the business sector, the Sears-Lands End deal suggests something entirely different to the 45 states and 7,500 localities that levy sales taxes: the possibility of splitting a pot of $90 million a year and, potentially, hundreds of millions more.
The $90 million represents roughly the amount of annual sales-tax revenue that Wisconsin-based Lands End currently does not collect on its $1.6 billion in sales of fleecy sweaters, weekend luggage and the like. That s because in 1992, the U.S. Supreme Court ruled that states cannot compel a company to co ....

United States , North Carolina , North Dakota , University Of Tennessee , Charlesd Collins , Steven Rauschenberger , Bruce Johnson , Neil Osten , Donald Bruce , Matt Kisber , Williamf Fox , Quill Corp , California Department Of Equalization , University Of Connecticut , National Conference Of State Legislatures , Us Supreme Court , National Governor Association , Carolina Department Of Revenue , Land End , Sears Land End , Wisconsin Based Land End , Streamlined Sales Tax Project , Streamlined Sales Tax Implementing States Is , Borders Book , California Department , Borders Online ,