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."
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