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Old 07-11-2012, 04:46 AM   #1
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Join Date: Mar 2012
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Taxes for online shopping gaining support in Congress and Amazon

http://www.chicagotribune.com/busine...,1334697.story

Quote:
A Web trade association that includes eBay, Overstock.com and Facebook is fighting the new bills. But notably, Amazon.com appears to have waved the white flag and supports the sales tax measures. Some analysts said they observe a shift by the online retailing leader, which could lead to a fundamental change to the rapidly growing e-commerce business.

Technically, when consumers shop online, they are supposed to pay sales tax by reporting it on their state tax returns. But as it turns out, Americans aren't always honest when it comes to paying their taxes.

For that reason, traditional retailers say that their online counterparts should collect sales tax when a consumer makes a purchase.
http://www.washingtonpost.com/busine...pWW_story.html

Quote:
The latest federal proposal — the Marketplace Equity Act — has strong bipartisan support and appears to be moving forward.

“We strongly support passage of the Marketplace Fairness Act because it’s time to resolve the sales tax issue,” said Scott Stanzel, a spokesman for Amazon.

The new bill exempts online businesses making less than $500,000 a year from collecting sales tax. NetChoice says that threshold is too low. It also notes that the amount states will gain from online sales taxes is less than 1 percent of total state tax revenue.

The measure, sponsored by Sens. Mike Enzi (R-Wyo.), Richard J. Durbin (D-Ill.) and 12 others, was introduced in November. The House Judiciary Committee is set to hold a hearing on it July 24.

Look like it will just be a matter of time.

Say hello to ebook sales tax.
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