"This is a fairness question which the Congress alone must resolve," said Johnson. "There are more than 9,600 taxing districts in the country, and if Congress moves that enormous tax collection burden to remote retailers, then in fairness, Congress should require states to pay reasonable compensation to those retailers for the associated costs, especially when those retailers have no real connection to the state, have no political influence there and derive no benefit from the states in which they have no physical presence."
Overstock.com and other similar e-commerce retailers are pressing for a fair internet taxation solution from Congress, but are opposed to measures now under consideration which fall short of providing a fair solution to the issue.
"We will examine our options for appeal of today's decision while we continue to work with stakeholders for a fair national solution," Johnson said.
About Overstock.com Overstock.com (NASDAQ: OSTK) is an online discount retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, jewelry and cars. Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world, offers additional unique items. Main Street Revolution supports small businesses across the United States by providing them a national customer base. A recent Nielsen State of the Media: Consumer Usage Report placed Overstock.com among the top five most visited mass merchandiser websites. The NRF Foundation/American Express Customer Choice Awards ranks Overstock.com #4 in customer service among all U.S. retailers. Overstock.com sells internationally under the name O.co. Overstock.com ( http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc. O.info™, Club O™, and Club O Rewards Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc. All other trademarks are the property of their respective owners.