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Tax Bytes.(A)(EDITORIALS)
Taxes: The fiscal conditions of state governments are abysmal. No surprise, then, that lawmakers' covetous eyes are turning yet again to Internet sales.
The states have been looking at Internet sales taxes as a free pot of gold for years. They're nearly distraught, it seems at times, that they haven't been able to get a cut of the billions of dollars in commerce that fly across the Web.
Not all Internet sales go untaxed, of course. If a company has a nexus -- some physical business presence -- in the state where it sells a product, sales taxes -- and there are thousands of them across the country -- apply.
But much of Web commerce goes untaxed, and that means the states aren't collecting $13 billion a year in taxes that they think they have a right to. Within a few years, states, if they aren't taxing Internet sales by then, will step up their campaign as that $13 billion grows to roughly $40 billion. University of Tennessee researchers project it will hit nearly $55 billion by 2011.
The states can claim those figures are lost revenues. But they're better thought of as consumer gains -- unless one operates from the premise that the government owns all the wealth and charitably lets people keep a few dollars for themselves.
In the ...
- ....With an eye toward eventually capturing revenue from internet sales.(states...
- Magazine article from: The Food Institute Report December 25, 2000 700+ words
....With an eye toward eventually capturing revenue from internet sales, at least 30 states are looking to revamp their sales tax codes, according to eStatNews.
- Internet sales tax.(publisher's note)
- Magazine article from: Arkansas Business Hankins, Jeff January 17, 2005 700+ words
...of online transactions. A sales tax on Internet sales would have to be implemented...collections. The average sales tax rate among the 46 states...Colorado. Perhaps the national sales tax rate for Internet sales could be 3 percent, which...
- California Senate Approves Internet Sales Tax; Governor Promises Veto.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News LaMar, Andrew August 30, 2000 700+ words
...has a 7.25 percent sales tax rate, and if applied to Internet sales the state anticipates...don't charge a state sales tax. Many other retailers...Wal-Mart, charge the sales tax on their Internet sales. "The dot coms who...
- Expert Discusses Internet Sales-Tax Prospects at Wichita, Kan., Meeting.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Pearce, Dennis February 20, 2000 700+ words
...technology exists to collect sales taxes on Internet sales; but politics will make the job a little...Wichita, blaming the rapid growth in Internet sales, reported that it took in less sales tax revenue last year. Commissions created...
- TIME TO COLLECT INTERNET SALES TAX.(Editorial)
- Newspaper article from: Seattle Post-Intelligencer (Seattle, WA) January 14, 2004 700+ words
...automatically tack on sales tax at the appropriate...Eliminating the sales-tax loophole on Internet sales would benefit governments...Medina home, the sales tax would be credited...out-of-state Internet sales. They deliver a...
- Revenues in Jeopardy? - Future of Internet Sales Tax Riding on Panel.
- Magazine article from: The Bond Buyer Meisler, Daniel June 1, 1999 700+ words
...adopt a national Internet sales tax by 2001," it...the extent of Internet sales before recommending...restructuring of the sales tax system, Andal...traditional state sales tax revenues continue...of continued Internet sales growth were discovered...
- Taxing the Internet.(Legal Issues)(internet sales tax laws)
- Magazine article from: Information Today Pike, George H. June 1, 2007 700+ words
...prompting a fresh look at options for Internet sales taxes and access taxes. This is not a...being more willing to consider new taxes. Sales Tax on Ecommerce The question of an Internet sales tax is also looming. While the Internet Tax...
- Oklahoma House Advances State's Involvement in Internet Sales Tax Experiment.
- Newspaper article from: Knight Ridder/Tribune Business News April 2, 2003 700+ words
...Tax Commission on an Internet sales tax program with corresponding...taxes for previous Internet sales. The pilot program...are concerned about sales tax revenues that aren't being collected on Internet sales. But for such a system...