By  on May 7, 2013

WASHINGTON — With the Senate passing legislation with a vote of 69 to 27 Monday that would give states the authority to collect sales taxes from out-of-state online sellers, retail groups in favor of it turned their sights to the House, where hurdles exist.

The legislation, known as the “Marketplace Fairness Act,” seeks to close what many advocates say is a sales tax loophole benefiting online sellers such as eBay. Under current law, state governments can only require retailers that have a physical presence in the state to collect sales taxes. That gives online sellers that don’t have a distribution center or office in a certain state a price advantage, according to proponents of the bill.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus