Archive for the 'sales taxes' Category
My Bully Pulpit For Regulation; AAD
Sunday, January 6th, 2013The AAD (art-antiques-design.com) website has quite frankly, been publishing some of my “old blogs”, which somehow I find really refreshing. They make me think that this industry faces the same issues. However, I enjoy responding to some of the comments on my blog and making comments on other AAD blogs. There is as interaction on [...]
It Can’t be True, Disclosure?
Thursday, October 25th, 2012I guess if you live long enough perhaps you will think the impossible can really happen. Is the mighty shield of auction secrecy about to be broken; perhaps. It boggles my mind trying to comprehend the recent opinion of the New York State Supreme Court’s Appellate Division rendering the legal need for an auctioneer to [...]
NYS Auction Legislation; Not Good Enough
Monday, March 8th, 2010Presently before the NYS Senate is a bill, passed by the Assembly that is attempting to define how public auctions should operate. This law needs clearer and more direct disclosure of the potentially deceptive and collusive actions presently allowed. Codified with this bill, the new rules will avail auctioneers to continue these abuses. Below, is [...]
NY State Legislation vs The Sotheby’s/Christie’s Duopoly
Sunday, July 22nd, 2007July 21, 2007 If ever there was a time for the big two to flex their collective political muscles, the pending New York State bill prohibiting sham bids by auctioneers is their moment of truth. They have boards of directors that are designed to influence and lean on both political and financial institutions that threaten [...]
Sales Tax, Are Auctioneers Above the Law?
Wednesday, March 7th, 2007March 6, 2007 In New York, every business that buys and sells goods must be registered to collect and pay State sales taxes. The State considers the entity that collects and remits these taxes as sales tax vendors, and they must document the receipt of taxes due or receive a valid resale certificate, exempt use [...]