How to Circumvent the Marketplace Fairness Act Small Seller Exemption Penalty

Free Sales Tax Illustration

The U.S. Senate is at it again…they introduced new legislation titled, “To restore States’ sovereign rights to enforce State and local sales and use tax laws, and for other purposes.”  Here is a link to the bill.  This legislation would allow a $1 million small seller exemption.  So basically if your “remote sales” are less […]

Dan Crippen of the National Governors Association Misses the Mark on Online Tax Parity

On March 9, 2015, DAN CRIPPEN of the National Governors Association (NGA) wrote a letter to The Honorable John Boehner, Speaker of the House, U.S. House of Representative.  NGA wants remote sellers to collect sales taxes from customers. Here is an exert of the letter he sent: “Under the chairman’s proposal, if a Virginian made […]

How to tell if your client is a “Real Farmer?”

Fake Farmer

What if I told you that “Old McDonald” did NOT have a farm and was NOT a farmer? e.i.e.i.o…   In my former profession I was employed as a Senior Special Agent with the U.S. Department of Agriculture (USDA), Office of Inspector General (OIG), Investigations.  A majority of the cases I investigated involved farm program […]

Due Process OK for Criminals NOT for Remote Sellers #NoNetTax

Remote Seller Due Process

Were the  supporters of the Marketplace Fairness Act (MFA) looking the “other way” when it came to upholding the “due process” rights of remote sellers. The MFA has made me reflect on my former career as a federal agent.  After I arrested someone for a suspected crime I had to make sure I followed the “rules” when I […]

18 U.S. Code 542 Beware of Alibaba Foreign Purchases Online

18 USC 542 False Statement

18 U.S. Code § 542 –Entry of goods by means of false statements. “Whoever enters or introduces, or attempts to enter or introduce, into the commerce of the United States any imported merchandise by means of any fraudulent or false invoice, declaration, affidavit, letter, paper, or by means of any false statement…shall be fined for […]

What is the U.S. Postal Service, China, EBAY Tri-Lateral Shipping Agreement?

Tri-Lateral Shipping Alliance Signed with eBay GC and China Post

I recently read an article titled, “The Postal Service is losing millions a year to help you buy cheap stuff from China.”  The article shows, “In an effort to ride the e-commerce boom, the Postal Service signed a deal in 2010 with China’s state carrier to sell a special service for small packages entering the U.S. […]

Expedia, Inc. Announces Proposed Offering of Senior Notes

BELLEVUE, Wash., May 28, 2015 /PRNewswire/ — Today, Expedia, Inc. (“Expedia”) announced that it is commencing an offering of euro-denominated senior unsecured notes (the “Notes”), subject to market and other conditions. If the offering is consummated, Expedia expects to use the net… …read more Source:: Stocks

Community Healthcare Trust Incorporated Announces Closing Of Its Initial Public Offering And Full Exercise Of Underwriters’ Option To Purchase Additional Shares

NEW YORK, May 27, 2015 /PRNewswire/ — Community Healthcare Trust Incorporated (NYSE: CHCT) (the “Company”) today announced the closing of its initial public offering of 7,187,500 shares of its common stock at a public offering price of $19.00 per share, which includes 937,500 shares… …read more Source:: Stocks

Bright Horizons Family Solutions Announces Secondary Offering of 3,000,000 Shares of Common Stock by Selling Stockholders and Repurchase of Common Stock

WATERTOWN, Mass., May 27, 2015 /PRNewswire/ — Bright Horizons Family Solutions Inc. (NYSE: BFAM) (the “Company”) today announced that certain of its stockholders (the “Selling Stockholders”) intend to offer for sale 3,000,000 shares of its common stock pursuant to the Company’s… …read more Source:: Stocks

Celadon Group Announces Common Stock Offering

INDIANAPOLIS, May 27, 2015 /PRNewswire/ — Celadon Group Inc. (NYSE: CGI) today announced that it has commenced a public offering of 3,500,000 shares of its common stock. In connection with the offering, the underwriter will have an option for 30 days to purchase up to 525,000… …read more Source:: Stocks

Sabre Corporation Announces Closing of Secondary Offering of Common Stock

SOUTHLAKE, Texas, May 27, 2015 /PRNewswire/ — Sabre Corporation (“Sabre” or the “Company”) (Nasdaq: SABR) today announced the closing of a public offering by existing stockholders affiliated with TPG Global, LLC and Silver Lake Management Company, L.L.C. of 27,600,000 shares of common… …read more Source:: Stocks

TRW Automotive Inc. Announces Change of Control Offers to Purchase its 4.50% Senior Notes due 2021 and 4.450% Senior Notes due 2023, Execution of Supplemental Indentures by ZF to Guarantee Such Notes and Optional Redemption of its 7 1/4% Senior Note

LIVONIA, Mich., May 27, 2015 /PRNewswire/ — TRW Automotive Inc. (the “Company”), an indirect wholly-owned subsidiary of ZF Friedrichshafen AG, a stock corporation organized and existing under the laws of the Federal Republich of Germany (“ZF”), announced today that it has: commenced… …read more Source:: Stocks