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Visitors line up outside the U.S. Supreme Court plaza before the court handed down decisions June 18, 2018. (Photo by Chip Somodevilla/Getty Images)

The Supreme Court ruled 5-4 Thursday to allow states to collect sales tax from online and out-of-state retailers.

Why it matters: As the U.S. tries to catch up with digital companies that operate without a physical presence, the ruling allowing states to tax e-commerce providers outside their state borders has created an extra hurdle for companies handling online transactions. The ruling may prompt Congress to introduce new legislation for an overhaul on unifying e-commerce for all 50 states.

The details: Currently, 45 states collect sales tax. Major e-commerce sites like Amazon and Nordstrom already have sales tax built into consumers’ purchases, and are equipped to deal with the complexity, while others will have to adapt to the changes.

What's next:

  • Companies, especially small and medium-sized, will have to automate collection efforts to keep track of sales.
  • However, the ruling recognizes the limitations smaller businesses may have, and exempted businesses that make less than $100,000 in annual sales or less than or equal to 200 transactions.
  • Consumers will have to pay the sales tax on e-commerce items. E-commerce sites will be treated as if it were brick-and-mortar.

What's next: Many major online retailers are looking to Congress to clarify the ruling with a framework to defend small businesses and provide uniformity and consistency, said Eric Fader, a managing director in BDO’s SALT practice.

What they’re saying:

  • Etsy CEO Josh Silverman said in a statement that the decision was not the side they backed, highlighting concerns for small businesses that use Etsy.
  • eBay called for Congress to create a small business exemption “to help small businesses take advantage of the internet to grow and create local jobs.”
  • President Trump tweeted his approval for the ruling, saying it a "big victory for fairness and for our country. Great victory for consumers and retailers."

Go deeper: Supreme Court opens the door to online sales taxes

Go deeper

The manufacturing boom's bottleneck

llustration: Rebecca Zisser/Axios

The manufacturing sector has bounced back from its pandemic knockout. But as the economy reopens, factories can't keep up with orders.

Why it matters: The materials manufacturers need are hard to find and prices for them are soaring.

2 hours ago - Technology

Twitter to label COVID-19 vaccine misinformation, implement strike policy

Photo: Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images

Twitter announced Monday that it will label tweets with potentially misleading information about COVID-19 vaccines, and introduce a strike system that can lead to permanent account suspension.

The big picture: Tech companies are taking an increasingly aggressive stance against users who attempt to share misleading information about COVID-19 vaccines on their platforms.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: Trump, Melania received COVID vaccine at White House in January — CDC director warns "now is not the time" to lift COVID restrictions.
  2. Vaccine: J&J CEO "absolutely" confident in vaccine distribution goals Most states aren't prioritizing prisons for COVID vaccines — Vaccine hesitancy is shrinking.
  3. Economy: Apple says all U.S. stores open for the first time since start of pandemic — What's really going on with the labor market.
  4. Sports: Poll weighs impact of athlete vaccination.
  5. World: Italy tightens restrictions as experts warn of growing prevalence of variants — PA announces new COVID restrictions as cases surge.
  6. Local: Colorado sets timeline for return to normalcy.