Internet Sales Tax Looms for NY…Will It Catch On?
by Rebecca Button on April 24th, 2008
Interesting…very very interesting.
Do you think states should be allowed to levy a sales tax on online purchases?
Well according to a WebProNews.com post , New York is attempting to test those waters. Legislators are trying to pass a bill titled the "Amazon Tax" and are targeting online retailers who are not located in New York. The sales tax would be attached to any items shipped to the state. Proponents of the bill say it will help level the sales tax playing field for brick and mortar retailers and they estimate it will generate around $50 million in tax revenue for the state.
Opponents claim the tax is being introduced due to miscalculated spending and that this tax is being invented to compensate. Large companies such as Amazon have reviewed the bill and believe it will be challenged in court.
Thus far, the government has been reluctant to allow states to regulate internet transactions.
What do you think?
[...] follow up with my previous post Internet Sales Tax Looms for NY…Will It Catch On? I posed a question along the lines of “do you think it should happen/is it a good [...]
New York Passes Online Sales Tax Law | The goWholesale Blog
May 14th, 2008
at 5:42 pm