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Showing Original Post only (View all)White House: Internet Sales Tax ‘Will Level The Playing Field’ [View all]
Source: Agence France-Presse
The White House Monday backed a Senate bill to force online retailers like Amazon and eBay to collect state and local sales taxes, hoping to end a cost disadvantage hampering bricks and mortar businesses.
The bill, which was being debated in the Senate on Monday, could lead to the recouping of $11 billion in lost annual sales taxes, according to a University of Tennessee research study.
We believe that the Marketplace Fairness Act will level the playing field for local small-business retailers, who are undercut every day by out-of-state online companies, said White House spokesman Jay Carney.
Today, while local small-business retailers follow the law and collect sales taxes from customers who make purchases in their stores, many big-business online and catalog retailers do not collect the same taxes.
Read more: http://www.rawstory.com/rs/2013/04/22/white-house-internet-sales-tax-will-level-the-playing-field/