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Re: Questions on box or chain stores and malls


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Posted by oldtanker on December 11, 2015 at 06:34:12 from (64.118.3.19):

In Reply to: Questions on box or chain stores and malls posted by jocco on December 11, 2015 at 05:30:42:

Sure the internet is losing to online sales. That's why Wal Mart and Target offer online sales.

Lot of the failed abandoned malls are because they are old. Cheaper to let the city take em for taxes than to repair them. And yea a lot of stores in malls have priced their stuff according to the price they are paying per square foot. And cheaper prices online, without have to deal with a crowd is going to hurt them. No one signing leases means empty stores and no income for that space. Enough and the owners of the mall can't maintain the building or pay taxes.

Because there are no federal laws dealing with online or catalog sales and state sales tax yes states are losing revenue. The states have been pushing the federal government to pass a law requiring that companies must collect sales tax from everyone. They have refused because everyone has different rates and it would be a mess for the feds to collect those taxes then disburse them to the correct states. They figured that if they required the companies do it a lot of small specialty sites couldn't afford the burden of pay each state. So state X passes a law requiring that the company has to pay. What a waste of time. Just how are they going to enforce that when the seller is in state Y? So that law is a waste of it's tax payers money.

Rick


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