Posted by: Bob King, CEO
The blogosphere and affiliate marketers have been abuzz about New York’s new tax law that requires online retailers to collect and remit sales taxes on purchases by New York residents. The curveball New York threw in there was that the presence of affiliates in the state was a basis to establish nexus for tax purposes.
This got a lot more attention last week when Overstock.com summarily dropped all of its New York-based affiliates so it would not have to collect and remit taxes to that state.
While we are disappointed by New York’s decision, there is no way we are going to cut off our affiliates, our highly-valued business partners, because of an action by lawmakers.
The commitment we have to our New York affiliates goes for all ClickBank users, affiliates and product publishers alike. We do everything we can to ensure that you are successful so that means we adapt to new circumstances ….including changes in tax law. That’s just the way we do things around here.
So, New York affiliates, publishers, and consumers will have the systems they need by June 1. We’ll be sending out a technical announcement in the next few days on how it all works. And, rest assured, when changes in the marketplace impact affiliate marketers or product publishers, ClickBank will be there with solutions.