Over the objections of big box retailers who want you to collect for more than 10,000 different tax jurisdictions, a reasonable approach has emerged from the House Judiciary Committee and its Chairman Bob Goodlatte (R-VA-6th). The Committee is releasing a discussion draft of its legislation later this week, and it is imperative that this draft get a strong showing of industry support. The Online Sales Simplification Act (OSSA) is the best approach we have seen to definitively put to rest sales tax collection issues for remote sellers. A summary of this bill can be found here. Every other alternative is not workable. This year, states have become increasingly aggressive trying to force remote sellers into a myriad of new nexus thresholds. But clarifying federal legislation would simplify matters overnight and bring true parity between various types of sellers. click Read More below for additional detail
Sur La Table is slashing its store footprint as it seeks to prosper under new ownership.
The nearly 50-year-old, upscale kitchenware retailer said it filed for Chapter 11 bankruptcy protection after considering the “rationalization of its national store footprint and “certain store closures to prosper in the current retail environment.” On its FAQ page, the privately held Sur La Table said it has decided to close over 50 of its 121 stores (see list at end of article). Great American Group LLC and Tiger Capital Group LLC will conduct the liquidation sales, which are expected to last eight to 12 weeks.
“We have filed for Chapter 11 bankruptcy protection to reduce the company’s expenses and recover from the financial impact of the COVID-19 crisis,” the company stated on its FAQ page.
more detail at source: https://chainstoreage.com/sur-la-table-files-bankruptcy-plans-close-nearly-half-its-stores?oly_enc_id=3347B1825112J2H&utm_source=omeda&utm_medium=email&utm_campaign=NL_CSA+Day+Breaker&utm_keyword=