GOP GOVS EASE STANCE ON ONLINE TAXES - WSJ’s Monica Langley on pg. A1: “Republican
governors, eager for new revenue to ease budget strains, are dropping
their longtime opposition to imposing sales taxes on online purchases, a
significant political shift that could soon bring an end to tax-free
sales on the Internet ... The movement picked up an important ally
when New Jersey Gov. Chris Christie ... recently reached an agreement
under which Amazon would collect sales taxes on his state's online
purchases in exchange for locating distribution facilities there ...
“The move toward taxing online sales has broad implications. Online
shopping will become more expensive for consumers. Brick-and-mortar
retailers won't have the price disadvantage they now have compared with
online sellers. Strapped states suddenly could be flush with $23 billion
in new annual revenue, according to the National Conference of State
Legislatures”
Tax Break Online Nears End - WSJ.com
No comments:
Post a Comment