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House Republicans issue online sales tax principles, receive support

  • Among the principles the Republican-led House Judiciary Committee thinks should guide the creation of a national online sales tax law: Internet companies shouldn't face "new or discriminatory taxes not faced in the offline world;" online and offline retailers should be "on equal footing;" laws should be simple and compliance costs low; businesses should have the right to protest unfair treatment, and state governments "should be encouraged to compete with one another to keep tax rates low ."
  • EBAY, which hosts many merchants collecting little or no sales tax and has opposed national sales tax law efforts, says it's "very encouraged" by the principles. A trade group pushing for a national law calls the principles a "great first step."
  • Though the Senate signed off on an online sales tax bill in May, the bill has been mired in the House since then.
  • Amazon (AMZN), which collects tax from a large and growing portion of U.S. customers, has backed the bill. Other e-commerce-related names that stand to be directly or indirectly affected by the passage of a law: OSTK, NILE, ECOM, SALE.
Comments (3)
  • gensearch2
    , contributor
    Comments (1514) | Send Message
     
    Maybe it's somewhere else in the report but they forgot to put words "...it should be fair". Can't we all agree that it should be fair? We love our mothers, apple pie and the flag.
    18 Sep 2013, 08:22 PM Reply Like
  • frosty
    , contributor
    Comments (712) | Send Message
     
    The House once again does nothing. The have voted 56 times to repeal ACA, however. So they have done something which amounts to nothing. Please help get rid of House obstructionists so the nation can move ahead.
    19 Sep 2013, 08:27 AM Reply Like
  • gensearch2
    , contributor
    Comments (1514) | Send Message
     
    They each get paid $172,000 a year to do that.

     

    Imagine yourself a member of Congress that is going to vote to repeal the ACA. You know it's not going anywhere but in the trash bin. It will never even make it to the President's desk to veto. It's dead in the Senate before they even vote on it.

     

    The question..... do you read that legislation before the vote?
    20 Sep 2013, 09:26 AM Reply Like
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