Wednesday, August 8, 2012

Obama And Democrats Want A Internet Sales Tax

Bipartisan Internet sales tax bill would hurt small businesses, critic says | The Daily Caller: "Wyoming Republican Sen. Mike Enzi calls it the “most overlooked tax loophole,” but critics say mandating Internet sales tax collection would place a significant burden on small businesses.

Several bills pending in Congress to close the so-called “loophole” would set aside the Quill standard that the Supreme Court established in 1992. The ruling established the precedent that only companies with a physical presence in a state need to collect online sales tax for purchases in that state.

Two proposals being discussed — the Marketplace Fairness Act and the Main Street Fairness Act — would create a large compliance and regulatory burden for small businesses who could be forced to file in up to 46 states for sales taxes."

Read More

'via Blog this'

No comments:

Post a Comment