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Sales Tax Panacea

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    Sales Tax Panacea

    I heard recently that Congress was favoring legislation to make internet sales subject to sales tax, nexus notwithstanding.

    Does anyone have any recent scoop on that? If that passes, an entire leg has been knocked out from under the Amazon business model, and smaller companies doing internet sales will go nuts with the administrative burden.

    Don't think anything of substance will pass before election, but this is something of which we need our eyes and ears open.

    #2
    Still being debated / discussed.

    see photosAFP/Getty ImagesClick for full photo gallery: 10 States Aiming To Tax Internet Sales Two separate bills, the Marketplace Equity Act and the Marketplace Fairness Act, have recently gained considerable traction in Congress. Both proposed laws seek to rectify the problems with the current practice of Internet sales tax collection. The [...]

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