Black Friday and Sales Tax: A Potentially Risky Combination

TODD SUCHEVITS | November 15, 2018

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Every company that sells products online knows the importance of Black Friday and Cyber Monday. According to CNNMoney, online shoppers spent $5 billion last year on Black Friday. And Forbes reported that on Cyber Monday, 2017, online shoppers spent $6.6 billion. But there could be a downside this year, thanks to the Supreme Court’s June decision in South Dakota vs. Wayfair, Inc., which says that states can charge online retailers’ sales tax, regardless of the company’s physical location. What makes things even worse for these online retailers is that each state can set up its own regulations regarding sales tax collection—including when regulations go into effect—and these regulations can change with little warning.

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Bershka

Bershka was set up in 1998 as an innovative fashion retail concept that targets young fashion oriented customers. There are currently more than 1000 stores in over 70 markets.

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Spotlight

Bershka

Bershka was set up in 1998 as an innovative fashion retail concept that targets young fashion oriented customers. There are currently more than 1000 stores in over 70 markets.

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