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


06/20/2016 03:11 AM
States Take Matters Into Their Own Hands On 'Amazon' Tax
Amidst all of the drama in Washington right now, you can be forgiven for missing the latest legislative action concerning the Internet sales tax. It happened in February, wedged somewhere in the news cycle between Donald Trump’s wall and Hillary Clinton ...
06/20/2016 12:47 PM
On broadband tax
Sindh was charging 18 percent sales tax. For broadband Internet, there is more disparity among the federating units. The federal and the Punjab governments have not been taxing broadband. Nor have the two proposed any new broadband tax this summer.
06/25/2016 07:45 AM
Telcos protest hefty taxes
Mobile phone operators yesterday protested the government's plan to impose hefty taxes on the use of mobile phone in the budget for next fiscal year. They demanded withdrawal of supplementary duties and surcharge on all services and VAT on internet use.
06/15/2016 12:53 AM
The Internet is costing sales and taxes
An article in your paper on June 6 stated that the major cause of businesses closing in the area is the downturn in the general economy. This is only part of the problem. The general public is always looking for the lowest price. What do they tum to?
06/12/2016 04:26 AM
U.S. Rep. Womack: Internet sales tax reform may start in Senate
U.S. Rep. Steve Womack, R-Rogers, supports Gov. Asa Hutchinson’s call to remove sales tax exemptions on Internet sales and to use the proceeds for income tax relief in Arkansas. Appearing on this week’s edition of Talk Business & Politics, Womack, who ...
06/25/2016 12:11 PM
Cruz: Obama admin relinquishing oversight of Internet may violate federal law
(Namely, to “endanger the security of both the Internet and the U.S.—and open the door to a global tax on Web use.”) And Newt Gingrich: “Every American should worry about Obama giving up control of the internet to an undefined group. This is very ...
06/24/2016 06:32 AM
Legality questioned at internet cafe trial
Defense attorney Kerry O’Brien said Adam Syed had no idea he was committing a crime when he purchased and began operating his second internet cafe in the county ... Montville Township businesses, evading taxes and paying his employees under the table.
12/14/2014 12:59 PM
Internet tax moratorium extended again
A one-year extension to a U.S moratorium on Internet access taxes was buried in a US$1.1 trillion government spending bill passed by the Senate on Saturday. The Internet Tax Freedom Act, which also prohibits states from enacting Internet-specific taxes ...
02/19/2015 04:30 PM
Internet Taxes, Another Window Into the Net Neutrality Debate
The future of protecting an open Internet has been the subject of fierce debate, and potential changes to the rules by the Federal Communications Commission could affect your online experience. In a rare act of bipartisan unity, Republican and Democratic ...
06/08/2015 06:39 PM
House votes to ban Internet access taxes -- for good
IDG News Service | Jun 9, 2015 5:39 PM PT The U.S. House of Representatives has passed a bill to permanently extend a 17-year moratorium on taxing Internet access and other online services. By voice vote on Tuesday, the House agreed to pass the Permanent ...
 
   

Copyright 2013 www.onlineshoppingtax.com

Internet Tax Laws are coming, find out the latest news here on www.onlineshoppingtax.com