May 2013

How The Internet Sales Tax Bill Will Affect Online Competitive Pricing: Part 1

On Monday May 6, 2013, the US Senate passed a bill requiring online retailers to collect sales tax just like their brick and mortar cousins. Although the bill has to pass the House, The Marketplace Fairness Act (also called The Internet Sales Tax Bill), if passed, will seriously affect the way business is done on

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8 Reasons An Internet Sales Tax Will Hurt Online Retailers: Part 2

Quick Facts About The Proposed Internet Sales Tax Bill: * The tax is supposed to generate $22 Billion to $24 Billion in annual revenues to state and local governments, although not all states want it. * It’s a tax that online retailers were supposed to be collecting anyway. * Online retailers with annual sales below $1 million would

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Tax Authorities Playing Games

After being distracted by UKIP last week, I am happy to return to the subject of taxation and how developed countries appear to be more aggressively pursuing tax owed by citizens and residents.  Firstly I would start with FATCA.  By way of background, the Foreign Account Tax Compliance Act (FATCA), which is being phased in

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