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Amazon shares fall after Supreme Court ruling on sales tax, as brick-and-mortar retailers gain

“But a loophole meant that third-party vendors who sell their products on the Amazon site were not subject to sales tax” writes Ciara Linnane for marketwatch.com. Amazon shares have gained 48% in 2018, while the SPDR S&P Retail ETF XRT, +0.47%  has gained 12.5%.It’s not clear whether the new rule will impact small sellers.Mall real estate investment trusts were also higher on expectations the stores that they house will be better able to compete with online sellers.The company dropped its long-held resistance to sales tax in recent years, after greatly expanding the number of distribution centers, warehouses and data centers that it operates across the U.S. to speed up delivery times.
 
Source: marketwatch.com



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