State lawmakers slam attempt at online sales tax law

U.S. states for years have asked Congress for federal legislation easing the way for them to collect sales taxes on Internet purchases, but now that a bill has been drafted, state lawmakers are resisting. The National Conference of State Legislatures on Tuesday released a letter it sent to House of Representatives Speaker John Boehner on Monday that depicted a proposed online sales tax bill as an unconstitutional attack on states’ rights.

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Open Text profit rises 39 percent on strong cloud services business

(Reuters) – Canadian business-software maker Open Text Corp reported a 39 percent rise in quarterly profit, helped by a more than threefold jump in revenue in its rapidly growing cloud services business. Net income attributable to the company rose to $74.3 million, or 60 cents per share in the second quarter ended Dec

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