Tuesday, January 13, 2009

How close is the reality of an internet sales tax?


New from Christopher Null's blog, internet sales tax is creeping more toward reality. Really? Yikes! With state deficits climbing and a grim outlook for 2009 it appears states are revisiting taxing interstate sales on the web.  Apparently, 22 states and retailers have joined a group called Streamlined Sales Tax Governing Board (SSTGB).  The group simplifies the methods by which sales tax operate online.  New York is heading up the effort with taxes and, yes, Michigan, is on the list. Keep you eyes and ears open.  The SSTGB also already rounded up some large retailers including:  Wal-Mart, Borders, and JC Penney. Thankfully, my beloved Amazon and Overstock have put up a fight.  Right now things are in waiting and negotiating mode.  For much more detail check out Christopher's article.

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