E-Commerce Tax To Target Out-Of-State Retailers

April 1, 2012 12:00 AM
E-Commerce Tax To Target Out-Of-State Retailers
" ATLANTA (AP/WAOK) - Georgia has joined other states in passing a law aimed at collecting billions in lost sales tax revenue from online retailers — a fee state shoppers should already be paying, but often aren’t.

The Legislature passed the measure as part of a comprehensive overhaul of the state’s tax code. The bill now awaits Gov. Nathan Deal’s signature.

While supporters hail the proposal as one that will level the playing field between virtual and real stores, critics say such laws could have a chilling effect and may not result in the windfalls predicted by states going after the money.

Such sales are a growing part of the state’s economy, but the estimated revenue loss to Georgia from the inability to collect sales tax on those transactions is $410 million in 2012 alone. "

Click here to read the whole article

Google related News

Sunday, April 15, 2012 by Bangkok Post

E-commerce firms warned to get tax affairs in order

Tax authorities are warning e-commerce operators to properly settle their tax obligations or face legal sanctions. E-commerce transactions have soared with the rising popularity of the internet and social media outlets such as Facebook.

Read more
Saturday, March 31, 2012 by MiamiHerald.com

E-commerce tax to target out-of-state retailers

It's not a new tax. What we're asking folks to do is collect the sales tax from their customers and remit it to the state of Georgia just like all the brick and mortar stores do." McAllister said that all of his e-commerce members currently collect the ...

Read more
Thursday, April 05, 2012 by E-Commerce Times

Colorado Ruling May Hamstring E-Commerce Tax Collection Efforts

The ruling is not significant in the big scheme of things, Dan Dixon, state tax attorney at Reed Smith, told the E-Commerce Times. It won't impact the so-called click-through nexus argument that many states are making to force online retailers -- most ...

Read more
Saturday, April 14, 2012 by Minneapolis Star Tribune

Tax-free sales give unfair edge to online sellers

The same study, which was released a couple of years ago, projects that in Minnesota, total state and local sales and use tax revenue losses from e-commerce sales will likely exceed $261 million in 2012. Minnesota revenue officials estimate the state ...

Read more