Tuesday, November 11, 2014

No Internet Sales Tax Vote This Year

On Monday a spokesman for House speaker John Boehner said a bill to tax online shopping – which passed in the Senate last year – would not move forward in the final weeks of the current Congress, the lame duck session, reports FT.

A spokesman for Boehner said: “The Speaker has made clear in the past he has significant concerns about the bill and it won’t move forward this year. The [House] judiciary committee continues to examine the measure and the broader issue.”

But don't think this will necessarily kill the idea of a tax on internet sales. Retailers such as Walmart, Target and Best Buy continue to push for such a tax, so that the anchor of a sales tax can dangle from the neck of online retailers as it does now at physical location retailers.

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