InternetNewegg Stops Collecting NY Sales Tax (PC Magazine)

PC Magazine - Consumer electronics retailer Newegg announced Friday that it would no longer comply with a New York state law requiring the collection of online sales tax.

Consumer electronics retailer Newegg announced Friday that it would no longer comply with a New York state law requiring the collection of online sales tax. "After careful review and consideration, we are pleased to inform you that we have stopped collecting New York sales tax, effective August 21, 2008," Newegg spokesman Bernard Luthi wrote in a Friday e-mail to customers. "This decision was driven by your direct and candid feedback and our continued commitment to you as our valued customers." New York lawmakers approved a budget package in April that includes a bill requiring online stores like Amazon.com and Newegg to collect sales tax. The state, which has been struggling to with budget issues, stands to take in up to $50 million in unpaid taxes. Consumers who purchase items online are largely exempt from state taxes they might incur with in-store purchases. Technically, customers are supposed to report online purchases and pay taxes on them, but... [ Read more on www.yahoo.com ]

InternetThe Secondary Payoff to Intel's Cool Chips

The high-k metal gate breakthrough of early 2007 doesn't just mean cooler desktop and laptop processors. It opened the door to whole new markets for Intel.

InternetLow cost Internet phone revolution beckons for India (AFP)

AFP - Battle lines are being drawn after India's telecoms regulator called for full-blown telephone services via the Internet, paving the way for another fall in the nation's already cheap call rates.