Overstock Exits Connecticut Online Ad Market With Bloggers T

24 May 2011 18:35 #1 by Blazer Bob
"Overstock.com said Tuesday it is exiting the Connecticut market for online advertising, in retaliation for the state's plan to begin charging sales tax on purchases from Internet retailers on July 1.

Local affiliates that get a cut of the sales price when someone buys a product through an Overstock.com link on their pages will no longer get that money. It's not clear how much money will no longer be paid to bloggers in this way.

Overstock.com, Amazon.com and other online retailers that have operations in Connecticut would be subject to the sales tax starting July 1, under the budget approved by the House and Senate and signed by Gov. Dannel P. Malloy. Both companies lobbied hard against these proposals.

Overstock has also sued states that require it to charge sales tax on its goods. And the company is offering incentives directly to its customers"...............

http://www.courant.com/business/hc-over ... 1893.story

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