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Fry's Electronics – Closed permanently in 2021 after 35 years as a result of low sales due to online competition and the COVID-19 pandemic; Future Shop – Closed in the US 1999. Bought out by Best Buy 2001. March 28, 2015, Best Buy announced the dissolution of the Future Shop brand and the closure of 66 of its locations.
Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value. Rates vary by state, and by locality within a state. [5] Not all types of transfers are taxable. The tax may be imposed on sales to consumers and to businesses.
e. An ad valorem tax ( Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or ...
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are usually ...
Washington, D.C. – Has a sales tax only on data processing and information services which include the distribution of news or current information. However, the tax statute specifically disclaims sales of digital content and certain Internet related services. Title 47 §2001(n)(1)(N) & (n)(2)(G).
President Obama in Ohio on March 6, 2009, for the graduation of the Columbus Police Division's 114th Class. Total: $10.6 billion $4 billion for state and local law enforcement agencies; $1.1 billion in waivers on interest payments for state unemployment trust funds; $1 billion in preparation for the 2010 census
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