Internet tax — is it coming soon?

The “Streamlined Sales Tax Project” is moving its way through Congress. The objective is to charge the prevailing sales tax rate of the cusotmer’s home-state jurisdiction and pass the tax money along to the appropriate statehouse.

There is much opposition, especially from e-Bay users. The issue is: Should internet buyers/sellers be treated differently from brick & mortar sellers? And there is much pressure from the states wanting more revenue.

Before getting to the mechanics of the process, it seems this basic question must be answered first.

Categorized in: Cash Flow - Finances