Majority of states want to tax Internet sales
9News reports from Denver that 43 U.S. states have joined together in a coalition to collect sales tax on all Internet purchases. The article does not mention whether the states are addressing some of the main issues — that states have different tax rates, nor whether companies would pay tax in their own states or in every state.
The article mentions "new software [that] will make collecting the money almost automatic and that they can have a system in place by Oct 1″ but it's not the law yet:
The proposal is for the new system to initially be voluntary. "So (unless) Congress were to act and make this mandatory, there would be no penalties," says Peterson. But there's a plus for businesses who do adopt the software. The states say the electronic system is so good, they'll designate participating businesses "audit proof."
Well :cough: yes.
7 Comments to "Majority of states want to tax Internet sales"
Have your say ...
First-time comments will be held for moderation (but comments are appreciated). Otherwise, just be courteous. If your name is a bunch of keywords, your comment will be deleted. Don't post links unless highly pertinent. Posters must be 16 or older.