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.Tags: Cash Flow - Finances
Categorized in: Cash Flow - Finances