“A bipartisan group of 53 Democrat and Republican lawmakers have re-introduced a bill – the Marketplace Fairness Act of 2013 – in both the United States Senate and House of Representatives, which would require online retailers to collect sales tax for state and local governments, even though they lack a physical presence in the state.  State and local governments are said to view the taxes they cannot collect on most online sales as lost revenue. It is estimated that the ‘loophole’ costs state and local governments an estimated USD23bn in lost tax revenue each year, with California alone facing around USD1.9bn in uncollected sales taxes.”

http://www.tax-news.com/news/US_Congressmen_Reintroduce_Online_Sales_Tax_Bill____59812.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy