Online Shopping Tax - Information about the Internet Sales Tax that is coming!

Internet sales tax is coming. Find out the latest information about the Internet tax that the government wants to pass, making you pay for your online shopping! Soon we'll all be paying online shopping tax.

the Marketplace Fairness Act of 2013, also known as the Internet Tax Bill, was passed in the U.S.Senate with a bypartisan vote of 69-27. The bill is still under review by the House Judiciary Committee where more detailed research into the impact of the bill on online retailers is expected. With a Republican-controlled House that includes many anti-tax representatives, passage will be more difficult.

The measure would require that retailers with online revenues over $1 million annually collect state tax on remote (online, catalog, phone, etc.) sales regardless of their location. Currently, if an online retailer sells a product in a state where it does not have a physical nexus, they are not required to collect tax, but the buyer is expected to claim the tax on their annual tax return a rule that almost no one follows.

Organizations that oppose the measure and those who support it have been extremely vocal about their opinions on the subject. Two of the leaders in the industry, eBay and Amazon, fall on opposite sides of the argument.





 
   

Internet Sales Tax News


05/24/2016 05:22 AM
Bill to regulate internet sales tax law fails
BATON ROUGE --- The House failed to pass a bill Monday providing regulatory teeth to the internet sales tax law passed during the earlier special session over pleas from small business owners in the Legislature. House Bill 1121 by Rep. Walt Leger, D-New ...
05/21/2016 02:06 AM
New Internet Tax Law will help local businesses
On Tuesday, Oklahoma Governor Mary Fallin signed into law the Retail Protection Act, which will make online vendors out of the state start collecting sales tax on purchases done online. Chris Deal, president of Duncan Chamber of Commerce said this law is a ...
05/20/2016 09:00 PM
Bader: Tax on Internet retail sales is a cash grab
In Wyoming, some politicians are looking high and low for ways to take your money, especially if they can make it look like someone else is slipping his hand into your pocket. One way that popped up during a recent Revenue Committee meeting is a tax on ...
05/17/2016 12:36 PM
FG proposes 9% internet tax, as group kicks
The Alliance for Affordable Internet, A4AI, has raised alarm over plans by the Federal Government through the National Assembly to enact a new tax law that will make users of internet in the country to pay tax on information and other activities carried ...
05/12/2016 02:38 PM
Internet tax bill goes to Oklahoma governor's desk
The Oklahoma House gave final legislative passage Thursday to a bill that seeks to generate more sales tax revenue from online purchases. House Bill 2531, which passed 70-18, now will be considered by Gov. Mary Fallin. Under the bill, the state would ask ...
05/26/2016 02:29 AM
French Police Raids Google Paris Offices For Tax Probe
French finance officials have raided the Paris offices of USA internet giant Google as part of a tax fraud investigation. The tech behemoth's latest tussle with the law just escalated in France, where dozens of police raided Google's Paris headquarters ...
05/25/2016 01:58 PM
French tax authorities raid Google's offices
French investigators launched a dawn raid on the Paris headquarters of U.S. internet giant Google on Tuesday in a probe over tax payments. Google, now part of Alphabet Inc, pays little tax in most European countries because it reports nearly all sales in ...
05/25/2016 04:14 PM
Google's Paris HQ raided in tax avoidance probe
The raid is the latest regulatory headache for the American search engine-and-email company, which like other Silicon Valley firms faces increasing questions about its complex tax arrangements. Facebook, YouTube, and Twitter are being sued by French anti ...
05/12/2016 08:12 AM
Tax-Free Internet Purchases May Be Going the Way of the Dinosaurs
PIERRE, S.D. (CN) — A new law requiring online retailers to pay state sales tax has made South Dakota the newest player in a national legal battle over online sales taxes -- and it looks like the taxes are winning. South Dakota's SB 106 took effect May 1.
05/24/2016 03:19 AM
Google Paris HQ raided by French investigators over tax payments
French investigators launched a dawn raid on the Paris headquarters of US internet giant Google on Tuesday in a probe over tax payments. According to local media reports the raid involved about 100 investigators, including 25 computer technology experts.
 
   

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