Nine more states enacted “marketplace facilitator” laws in the first 6 months of 2020 that require online marketplaces like eBay and Etsy to collect and remit sales tax on behalf of third-party sellers.
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The company said several states also updated previously set economic nexus thresholds – that impacts sellers who sell on their own websites where they are responsible for collecting sales tax.
"Even though online sales have increased during the pandemic, revenue from those sales is not enough to cover the lost sales tax revenue from brick and mortar stores,” she said.
Many things are taking place:
Ph.D. programs are suspending admissions during COVID - Marketplace
A pandemic is turning out to be a poor time to get a doctorate degree in the humanities or the social sciences.
Dozens of Ph.D. programs at schools nationwide have announced that they won’t be admitting any new students for the next academic year. This temporary pause could have long-lasting effects.
Colleges and universities have a lot of additional costs these days: personal protective equipment, remote learning infrastructure, COVID-19 tests. And with fewer students on campus, they have less money coming in. So schools are “making sure they can fulfill their commitment financially to the students who have already matriculated,” said Carla Hickman of EAB, an education consulting company.
Retail bankruptcies, store closings accelerated by COVID-19 - Marketplace
It's been a very tough year for the retail industry. A report out Tuesday from the accounting consultancy BDO USA said 29 big retailers filed for bankruptcy protection through August.
And if bankruptcies continue at that pace, the number could rival the bankruptcies of 2010, after the Great Recession. For retailers, the last three months of this year will be even more critical than usual for their survival as they look for some hope around the holidays.
A few weeks in, how are colleges doing? - Marketplace
In case you are keeping track:
TravelPerk creates marketplace to offer additional services to corporate travelers |
Corporate travel management startup TravelPerk has unveiled an API-based platform open to customers, partners and developers.
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The company is calling the platform a marketplace for services, such as human resources and expense management at launch, with others - payments, for example - to follow.
TravelPerk wants customers and partners to build and integrate new or existing apps within the marketplace.
It's a "less-than economy," Atlanta Fed President Bostic says - Marketplace
Nearly seven months into the COVID-19 pandemic, the U.S. economy is facing unprecedented challenges. The economic consequences have been felt the hardest by Black and brown communities — a pressing issue at ongoing protests against police brutality and systemic racism. But with congressional aid stalled, and an election just weeks away, we're focusing on the tools of the Federal Reserve.
Kai Ryssdal: So, it’s been going on four months since we had you on in June. And I guess I’ll give you the easy question first: What are you seeing in this economy that’s different, changed, good, bad? How’s it looking?
Health Insurance Marketplace to open as West Virginians face high unemployment | WV News |
CLARKSBURG, W.Va. (WV News) — With just over a month remaining until the West Virginia health insurance marketplace open enrollment period begins, navigators tasked with providing free help to state residents seeking insurance on the marketplace are preparing to be busier than ever.
The state's unemployment rate skyrocketed to 15.9% in April as a result of the COVID-19 pandemic. Although there has been some improvement, the rate still stands at an elevated 8.9%.
Water-Damaged Used Cars Are Being Sold On the Marketplace | Jersey Shore Online
TOMS RIVER – If you are looking to buy a new car, be aware of water-damaged used vehicles being sold on the marketplace.
"With the multiple hurricanes striking the south and the Gulf Coast, some flooded and water-damaged vehicles may be making their way to the market," Freeholder Director Joseph H. Vicari warned.
He recommended that buyers thoroughly examine all used vehicles. Buyers should check the power seats and also look for rust spots in the wheel wells, body and any screws.
Happening on Twitter
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