• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Legislation targets online sellers

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Momentum is building for legislation that would impose sales taxes on more online retailers.

The Marketplace Fairness Act, recently reintroduced in Congress, would allow states to collect sales taxes from online retailers for transactions within the state. It provides an exemption for businesses with less than $1 million in annual domestic sales.

Internet sellers have dodged sales taxes for years under a 1992 Supreme Court decision exempting merchants from collections in states where they lack a “physical presence.”

But now the tide is turning as Internet giants like Amazon.com continue to avoid state sales tax collectors. The movement to level the playing field for brick-and-mortar businesses has support on both sides of the aisle.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/35054/legislation-targets-online-sellers "

Leave a Comment