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Started By
Message
Tax-free Internet shopping jeopardized by bill
Posted on 4/23/13 at 10:46 am
Posted on 4/23/13 at 10:46 am
quote:
Tax-free shopping on the Internet could be in jeopardy under a bill making its way through the Senate, The Associated Press reports. The bill would empower states to require online retailers to collect state and local sales taxes for purchases made over the Internet. The sales taxes would be sent to the respective states where shoppers live. Under current law, states can only require stores to collect sales taxes if the stores have a physical presence in those states. The Senate could pass the bill as early as this week.
quote:
But the bill's fate is uncertain in the House, where some Republicans regard it as a tax increase. Heritage Action for America, the activist arm of the conservative Heritage Foundation, opposes the bill and will count the vote in its legislative scorecard. "It is going to make online businesses the tax collectors for the nation," said Sen. Kelly Ayotte, R-N.H. "It really tramples on the decision New Hampshire has made not to have a sales tax."
LINK
This post was edited on 4/23/13 at 10:56 am
10
Posted on 4/23/13 at 10:52 am to Will Cover
That sucks
Posted on 4/23/13 at 10:53 am to AUtigerNOLA
Then it would take a lot of benefit out of shopping online since you still have to pay shipping.
Posted on 4/23/13 at 10:56 am to Hu_Flung_Pu
quote:
Then it would take a lot of benefit out of shopping online since you still have to pay shipping.
Not if you're an Amazon Prime customer.
Posted on 4/23/13 at 10:56 am to Hu_Flung_Pu
quote:
Then it would take a lot of benefit out of shopping online since you still have to pay shipping.
In some cases you dont have to pay shipping. Amazon ships free for orders over a certian amount, $25 I believe.
This post was edited on 4/23/13 at 10:57 am
Posted on 4/23/13 at 11:03 am to Will Cover
I don't get how it's a tax increase since at least in La, you are technically supposed to claim your Internet purchases and pay taxes when you file
Posted on 4/23/13 at 11:04 am to AUtigerNOLA
quote:
Amazon
quote:
Amazon.com, which initially fought efforts in some states to make it collect sales taxes, supports it too. Amazon and Best Buy have joined a group of retailers called the Marketplace Fairness Coalition to lobby on behalf of the bill. "Amazon.com has long supported a simplified nationwide approach that is evenhandedly applied and applicable to all but the smallest-volume sellers," Paul Misener, Amazon's vice president of global public policy, said in a recent letter to senators.
Posted on 4/23/13 at 11:05 am to Croacka
quote:
I don't get how it's a tax increase since at least in La, you are technically supposed to claim your Internet purchases and pay taxes when you file
I accidentally forgot to claim my Internet purchases for the last 10 years.
Posted on 4/23/13 at 11:06 am to Will Cover
Well I didn't say any different, I'm just saying that you are still "obligated" to do it, so it's not really a loophole IMO
Posted on 4/23/13 at 11:19 am to Will Cover
Very exciting news, now hopefully amazon will open up physical locations in more states (the main reason they do not is that, if they have a physical location in a state, they are required to collect local sales tax there). Shipping times will drop and hopefully amazon will open up one of these nearby
LINK
LINK
Posted on 4/23/13 at 11:23 am to Cold Cous Cous
The Bill has only 55 cosponsors in the house. Has a ways to go to get 218
I'd be shocked to see it brought to the floor as a stand alone bill. However, I would not be surprised if it is included in a very broad tax reform bill if both parties agree that needs to happen.
I'd be shocked to see it brought to the floor as a stand alone bill. However, I would not be surprised if it is included in a very broad tax reform bill if both parties agree that needs to happen.
Posted on 4/23/13 at 11:25 am to Will Cover
quote:
"It is going to make online businesses the tax collectors for the nation," said Sen. Kelly Ayotte, R-N.H. "It really tramples on the decision New Hampshire has made not to have a sales tax."
While I am opposed to internet taxes, the above statement is just stupid.
The quote in the OP specifically says the bill only empowers states to collect sales taxes on internet sales. If NH doesn't have a sales tax, then NH would not collect sales taxes on internet sales.
Posted on 4/23/13 at 11:36 am to LSURussian
Heritage makes a great point:
Entire article here: LINK
quote:
There is no Internet exemption from sales taxes; in fact, sales taxes are already collected for the vast majority of online sales. Instead, the proposal concerns the power of states over businesses outside of their borders. Specifically, the proposal would overturn a Supreme Court decision setting limits on a state’s ability to require out-of-state retailers to collect sales taxes for them, turning every out-of-state retailer into a sales tax collector for nearly 10,000 separate state, local and municipal tax jurisdictions.
Entire article here: LINK
Posted on 4/23/13 at 11:37 am to Will Cover
Taxes will only be claimed by those business with sales greater than 1m annually...
This is going to be a clusterfrick of epic proportions though.
This is going to be a clusterfrick of epic proportions though.
Posted on 4/23/13 at 11:39 am to Croacka
quote:
I don't get how it's a tax increase since at least in La, you are technically supposed to claim your Internet purchases and pay taxes when you file
It isn't a tax increase, it's just claiming missing revenue without having to go through the effort to track down all internet purchases that could have gone unclaimed.
This will also raise before tax prices on internet goods through increased costs of doing business on the internet that will be passed to the consumer. The businesses will have to implement a system to maintain tax rates by zip code and charge those rates appropriately.
Posted on 4/23/13 at 11:40 am to Lsut81
quote:
Taxes will only be claimed by those business with sales greater than 1m annually...
I know there are no internet business owners out there would think to split their business up into separate entities in order to keep their separate internet sales under $1 million. Nah....that would never happen.
Posted on 4/23/13 at 11:44 am to Will Cover
I'm not inherently against taxing internet purchases but as an online retailer, the logistics and added work to report these taxes to each local and state municipality would be cumbersome.
Posted on 4/23/13 at 2:22 pm to TROLA
This can ony hurt some retailers and help fill states coffers. Do the local taxing authorities also get a cut?
Posted on 4/23/13 at 2:28 pm to Will Cover
quote:
I accidentally forgot to claim my Internet purchases for the last 10 years.
You accidentally forgot this too huh
Posted on 4/23/13 at 2:35 pm to TROLA
quote:
I'm not inherently against taxing internet purchases but as an online retailer, the logistics and added work to report these taxes to each local and state municipality would be cumbersome.
The cost to enforce will likely exceed the added tax revenue. Well that's Government. Getting nothing done, expensively.
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