Tag Archive: Internet taxes


WALMART, AMAZON BACK STEALTH INTERNET SALES TAX BILL

 

 

 

 

” Sen. Harry Reid (D-NV), Walmart, Amazon, and some Republicans are fighting to ram through an Internet sales tax bill to raise revenues and crush smaller e-commerce competitors.

The “Marketplace Fairness Act” (S. 743), a retread of a bill introduced in February by Rep. Mike Enzi (R-WY), was introduced last Tuesday and may be rushed to a vote as early as April 22nd using a Senate rule that side-steps committee debate and goes straight to a vote. 

If passed, the law would require online merchants with over $1 million in annual sales to collect sales taxes for 9,600 state and local taxing authorities, a move that could dramatically increase overhead costs for smaller e-commerce sellers.

As the Wall Street Journal notes, the Internet tax bill would benefit big online sellers like Amazon and Walmart who can more easily absorb the added costs:”

 

 

 

 

 

 

 

The Internet Sales Tax Rush

” Every time Congress has taken a serious look at proposals to boost Internet sales taxes, it has rejected them. That’s probably why pro-tax Senators are trying to rush through an online tax hike with as little consideration as possible.

As early as Monday, the Senate will vote on a bill that was introduced only last Tuesday. The text of this legislation, which would fundamentally change interstate commerce, only became available on the Library of Congress website over the weekend. And you thought ObamaCare was jammed through Nancy Pelosi‘s Democratic House in a hurry.

For Senators curious about what they’re voting on, it is the same flawed proposal that Mike Enzi (R., Wyo.) introduced in February. It has been repackaged to qualify for a Senate rule that allows Majority Leader Harry Reid to bypass committee debate and bring it straight to the floor.”