eBay Main Street

'The merger of Auction and Gmarket was finally approved by Korea’s anti-trust regulator, Korea Fair Trade Commission (KFTC). As a gesture of goodwill, eBay became the first company to sign an agreement with the KFTC for fair trade in the growing online E-commerce market.'

Brussels, Belgium [Tuesday 12 July]— In response to today\'s ruling by the Court of Justice of the European Union, Stefan Krawczyk, Senior Director and Counsel Government Relations, eBay Europe said: The judgment provides some clarity on certain issues, and ensures that all brands can be traded online in Europe. As a marketplace, eBay provides a level playing field for all online sellers and will continue building constructive partnerships to expand the range of brands being sold on eBay.

An interesting editorial published in the San Fransisco Examiner takes a look at the negative retributions resulting from the latest California state budget, approved last week. The budget anticipates an annual revenue of $317 million from internet sales tax, but the article reasons that the state could end up losing money as online retailers cut ties with the state and individual entrepreneurs are forced out of business. Click here to read the piece in its entirety.

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'eBay Inc’s representatives Isabelle Neo from the Government Relations Team and David Napper from Asset Protection Team attended a Government Symposium in Malaysia that looked at dealing with the increasing threat of cybercrime.'

eBay Inc’s representatives Isabelle Neo from the Government Relations Team and David Napper from Asset Protection Team attended a Government Symposium in Malaysia that looked at dealing with the increasing threat of cybercrime.

eBay has released a statement today from Tod Cohen, Vice President and Deputy General Counsel, Government Relations regarding this week’s passage of the California budget and Internet sales tax bill. Cohen said, “eBay believes that the legislative actions by the State of California aimed at forcing out-of-state retailers to collect and remit California state sales taxes violate the US Supreme Court’s Quill decision governing sales tax collection. It is important to note that the new California law excludes all non-California retailers who sell less than $500,000 to California buyers in a year. We believe this exclusion covers the vast majority of all eBay sellers. eBay is committed to protecting all sellers from unconstitutional sales tax laws and we are exploring technology tools, marketing practice changes and legal options aimed at addressing the concerns of sellers who could be impacted by this new law.” Learn more about eBay Inc.’s position on Internet sales taxes here.

Forbes is reporting that new Federal Reserve rules exempting “alternative payment systems” like PayPal from Durbin Amendment provisions are improving financial analysts’ outlook on the company. The so-called, “Durbin amendment” rules subject credit card companies to caps on interchange fees. Click here to read the full article.

"Jack Abraham sold his startup to eBay for $75 million. Now all he has to do is help the e-commerce giant redefine the future of retailing." Jack, by the way, is the 25-year-old programmer, entrepreneur and founder of Milo.com. Click here to read the entire article, which include profiles on several of eBay Inc.’s key players.

A leading Montana newspaper says that a new U.S. Senate bill would “crush small businesses.” Senator Dick Durbin (D-IL)’s proposed legislation would require online retailers to collect and remit sales taxes for all out-of-state transactions. Read the full article here. And read eBay Inc.’s position on Internet sales taxes here.