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The Senate looks poised to approve a bill today that would force online merchants to collect...

The Senate looks poised to approve a bill today that would force online merchants to collect sales tax on Internet transactions. However, the measure will probably hit greater opposition in the House, where the leadership appears to be ambivalent, with Speaker John Boehner taking no public position. Companies in favor include Wal-Mart (WMT) and Amazon (AMZN), while those against include News Corp (NWS) and eBay (EBAY).
Comments (2)
  • we buy on amzn to avoid the high sales tax in AZ.
    6 May 2013, 01:40 PM Reply Like
  • Wal-Mart and Amazon - - You'd better watch out, because the next money grubbing, tax grabbing move will be that you will have to collect, in each of your stores, the taxes from each person/customer, according to their residences, and if your store is located next to an interstate or a state line, aren't you going to have fun???

     

    Common sense would be to collect the local tax, in the state where the payment is being received rather than the state it is being sent from (just like they do in a physical store when you travel cross country) - - It would give the sending state the incentive to welcome internet sales into their own state
    6 May 2013, 01:40 PM Reply Like
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