The U.S. Senate voted overwhelmingly today to endorse levying Internet sales taxes on American shoppers, despite warnings from a handful of senators that the proposal is antibusiness, harmful to taxpayers, and will be a “bureaucratic nightmare.”
Internet tax supporters are hoping that a vote in the U.S. Senate as early as today will finally give them enough political leverage to require Americans to pay sales taxes when shopping online.
Office Depot Inc. (ODP) said Wednesday it agreed to buy OfficeMax (OMX) in an all-stock deal that would transform the $21 billion office supply retail sector.
Two major office supply stores are in talks to become one. Boca Raton-based Office Depot is reportedly in merger talks with OfficeMax.