Skip to main content

Living Social Challenging Groupon

Living Social Challenging Groupon - LivingSocial, the second-biggest website for daily deals, is planning to use a $183 million investment from Amazon.com to overtake market leader Groupon Inc. At almost the same time, Groupon turned down a $6 billion buyout offer from Google.

LivingSocial and Amazon are apparently preparing to combine their websites in significant ways. But one reason why Amazon has not bought the smaller company outright is the matter of state sales tax. As things stand, Amazon collects no sales tax for most of the states in the U.S. Vendors are required by law to collect sales tax only for states where they have a physical presence. Theoretically, when a customer orders from Amazon, the customer should report and turn the sales tax in himself, but that rarely if ever happens.

Living Social Challenging Groupon

But LivingSocial’s type of business depends on an enormous sales team, physically located in every market in which it operates. If Amazon bought LivingSocial, that sales force would become Amazon employees, Amazon would gain a physical presence across the nation, and become liable for sales tax in all those additional states.

Living Social and Groupon both offer their members coupons for their local businesses via daily emails, which they buy online. These coupons offer big savings, at times up to 75% off. Local businesses who have participated in group-coupons have discovered that, if the merchant provides a good product and good service, he may win a customer who keeps coming back, long after the special deal is over. Some estimates of success with coupon sites are as high as 95%

Living Social Challenging Groupon
Labels:

Comments

Post a Comment

Popular posts from this blog

Farm dogs maul Irish Tourist

Farm dogs maul Irish Tourist - An Irish tourist who was mauled to death by two dogs while visiting an organic farm in Penang yesterday morning had more than 50 bite wounds and lacerations all over his body. Penang Hospital Forensic Department head Datuk Dr Bhupinder Singh, who performed the post-mortem on Maurice Sullivan (pix), 50, today, said he found the wounds on the victim's head, neck, hands and legs. "The victim had died as a result of severe haemorrhage due to multiple injuries from the dogs' bites," he said, adding that there were no signs that Sullivan suffered any ailment at the time of death. Farm dogs maul Irish Tourist Bhupinder also said both Sullivan's ears and the left side of his face were gnawed off in the incident. One of the ears was recovered from the scene. Bhupinder told reporters this after carrying out the post-mortem which began at 10am. Sullivan was attacked by two mongrels at the farm while taking photographs of the gr...
6 comments
Read more

Man Hits Teen on Plane Over iPhone

Man Hits Teen on Plane Over iPhone - Police say a man on a Southwest Airlines flight from Las Vegas punched a teenager who refused to turn off his iPhone as the plane approached the Boise airport. Officers arrested 68-year-old Russell E. Miller, of Boise, on suspicion of misdemeanor battery Tuesday. He has been released from jail on bond. Witnesses told police the 15-year-old was playing games and listening to music on his cell phone when flight attendants instructed passengers to turn off their electronic devices because the plane was landing. Witnesses told police that when the teen didn't respond, Miller got angry and punched the boy in the arm. Miller says he "tapped" the teen on the shoulder after he refused to turn off the phone. He told the Idaho Statesman that he may have "overreacted," but that he did not punch the teen. Man Hits Teen on Plane Over iPhone
5 comments
Read more

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...
Post a Comment
Read more