September 27, 2024
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'eBay Inc’s representatives Isabelle Neo from the Government Relations Team and David Napper from Asset Protection Team attended a Government Symposium in Malaysia that looked at dealing with the increasing threat of cybercrime.'
eBay Inc’s representatives Isabelle Neo from the Government Relations Team and David Napper from Asset Protection Team attended a Government Symposium in Malaysia that looked at dealing with the increasing threat of cybercrime.
eBay has released a statement today from Tod Cohen, Vice President and Deputy General Counsel, Government Relations regarding this week’s passage of the California budget and Internet sales tax bill. Cohen said, “eBay believes that the legislative actions by the State of California aimed at forcing out-of-state retailers to collect and remit California state sales taxes violate the US Supreme Court’s Quill decision governing sales tax collection. It is important to note that the new California law excludes all non-California retailers who sell less than $500,000 to California buyers in a year. We believe this exclusion covers the vast majority of all eBay sellers. eBay is committed to protecting all sellers from unconstitutional sales tax laws and we are exploring technology tools, marketing practice changes and legal options aimed at addressing the concerns of sellers who could be impacted by this new law.” Learn more about eBay Inc.’s position on Internet sales taxes here.
Forbes is reporting that new Federal Reserve rules exempting “alternative payment systems” like PayPal from Durbin Amendment provisions are improving financial analysts’ outlook on the company. The so-called, “Durbin amendment” rules subject credit card companies to caps on interchange fees. Click here to read the full article.
"Jack Abraham sold his startup to eBay for $75 million. Now all he has to do is help the e-commerce giant redefine the future of retailing." Jack, by the way, is the 25-year-old programmer, entrepreneur and founder of Milo.com. Click here to read the entire article, which include profiles on several of eBay Inc.’s key players.
A leading Montana newspaper says that a new U.S. Senate bill would “crush small businesses.” Senator Dick Durbin (D-IL)’s proposed legislation would require online retailers to collect and remit sales taxes for all out-of-state transactions. Read the full article here. And read eBay Inc.’s position on Internet sales taxes here.
California lawmakers thought they were targeting Amazon, the Seattle-based e-commerce giant, when they voted last week to force Internet retailers to collect sales tax. It turns out eBay, California\'s own golden child of e-commerce, isn\'t so thrilled about it, either. The San Jose online auction company says the legislation would hurt its business model, which relies on thousands of entrepreneurs who sell goods on its site. Read more
eBay has been campaigning for the harmonisation of consumer rights across Europe for many years. Improved consumer confidence and a regulatory level playing field are essential for the many online businesses looking to trade internationally. eBay believes that the agreement reached by European decision makers will provide an improved and workable set of rules that will increase both consumer and trader trust in online commerce. It will form a sound basis on which to build the right climate for further harmonisation and we are confident that the parties involved are working towards this result.
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