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Most Recent PostsNet Tax Gaining Momentum
Via Kent Hoover of The Business Journals, a bill that would allows states to start charging sales taxes on online purchases is gaining momentum:
Bricks-and-mortar retailers have long complained that the tax-free status of e-commerce gives Internet retailers an unfair price advantage. As more retail sales move toward the Internet, state and local governments are increasingly feeling the loss of sales tax revenue. Even many Republican governors who favor keeping taxes low now think the time has come to force Internet retailers to collect sales taxes.
One of those governors is Bill Haslam of Tennessee, who testified a today’s House Judiciary Committee hearing.
“Let me clear—I am a Republican governor that does not believe in increasing taxes,” Haslam said.
