US Senate votes in favor of proposed nationwide internet sales taxes

US Senate votes in favor of proposed nationwide internet sales taxes

Senators have voted 75-to-24 in favor of nationwide changes that would see sales tax levied on a wider range of internet purchases. The decision was purely symbolic — it’s a non-binding vote that indicates the Senate supports such legislation — but the overwhelmingly positive response could allow the act to bypass the US Senate Committee on Finance. Should the final bill, the Marketplace Fairness Act of 2013, be approved and written into law, it will essentially eradicate the advantage that smaller internet retailers have over stores with a multi-state presence. As CNET reports , there’s been intense lobbying in favor of the bill by advocacy groups including the National Retail Federation and Retail Industry Leaders Association,… Continue reading…

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US Senate votes in favor of proposed nationwide internet sales taxes

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