Article: Congress Taking A Fresh Look At Online Sales Taxes
|
|
|
|
|
Congress Taking A Fresh Look At Online Sales Taxes
Linknet Internet News Digest - December 22, 2005 - According to a 1992, U.S. Supreme Court ruling, states can only require sellers that have a physical presence or "nexus" in the same state as the consumer to collect sales taxes. The Supreme Court also ruled that while buyers essentially owe the tax on purchases, the mishmash of taxing jurisdictions is too complex and burdensome for online retailers to charge and try to collect sales taxes.
Imposing a tax requirement would have a serious negative impact on online retailers, so the court ruled that states would have to create a much more streamlined system across jurisdictions.
But now Congress is taking another look at the situation. The objective is to create a "level playing field" for all retailers - to tak...
|
|
|
|
|
|
|
Home
|
Back To Articles Directory
|
|
|
Send your comments, Suggestions or
Queries regarding this site at roseindia_net@yahoo.com.
|
|
Copyright © 2006. All rights
reserved.
|
|