Four more states’ sales tax collection statutes and regulations that require online retailers to collect sales tax on online orders from residents go into effect on Thursday, Nov. 1. They are New Jersey, North Carolina, South Carolina and South Dakota. The new standards, the details of which vary by state, apply to online retailers that do not have a physical presence in the taxing jurisdiction. The moves stem from the states acting quickly in the wake of the U.S. Supreme Court in June ruling in the South Dakota v. Wayfair Inc. case that, for the first time, states and local governments could require online retailers to collect sales tax even if they don’t have a physical presence, or nexus, in the state or local tax jurisdiction. Click read more below for additional detail.
On 23 April 2021, Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced that it has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press (“RGP”), the academic imprint, from Macmillan Education Limited, a part of Springer Nature Group.
Bloomsbury today announces that pursuant to the terms of the sale and purchase agreement with Macmillan Education Limited, completion has taken place.
The consideration was £3.7 million, of which £1.8 million has been satisfied in cash at completion and up to £1.9 million will be paid post-completion, subject to assignment of certain contracts.