Senate Approves Online Shopping Sales Tax Bill
from the fairness? dept
We have a variety of concerns with the so-called “Marketplace Fairness Act,” which will require companies selling things online to track, collect and distribute taxes based on where buyers are coming from. For small and medium-sized businesses, this is likely going to be a big burden online (and for buyers in many places, this will likely increase what you have to pay on checkout). Given the fact that the bill is mostly supported by brick and mortar stores and shopping centers, it’s not difficult to see how it’s an attack on online shopping (for what it’s worth, Amazon was initially against the bill, but eventually flipped when it realized that it could use the bill to hold back smaller competitors).
Unfortunately, the Senate passed the bill by a decent margin, 69-27. The bill will move to the House where it may be more difficult to pass. So it may die on the vine, even as the administration has said it will support it.