- Black Friday 2023 e-commerce spending reached a record $9.8 billion in the U.S.
- Cyber Monday spending increased 9.6% from the previous year, making it the biggest online shopping day ever.
- Buy-now-pay-later offers were popular, with shoppers spending $15.7 million every minute during peak hours.
- The most searched term on Black Friday was iPhone deals, with Iowa having the highest search levels.
- A woman in Florida received a $750 credit from Amazon after being overcharged for sales tax for over a decade.
- States’ tax revenue is declining, falling for the 14th straight month on an inflation-adjusted basis.
- Sales tax revenue gains are becoming spottier, but New York state saw a 2.5% increase in October.
- California has expanded its sales and use tax exemption for trucks and trailers.
- Georgia now subjects specified digital products, goods, and codes to sales and use tax.
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
