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INTERNET TAXATION. GOVENOR JOHN CROSS FROM: INTERNET TAXATION RESEARCH
COMMITTEE MEMBERS SUBJECT: MEMORANDUM TO GOVENOR'S OFFICE ...
Internet Expansion. Internet expansion brings to the forefront many issues. These
issues include Internet taxation, as well as taxes to other remote sales. ...
Taxation and the Internet. ... As a result, thirty-five have formed a coalition to
force Congress to pass federal taxation laws on Internet sales. ...
The Internet And Taxation. The Internet and Taxation A 19-member panel unknown
to virtually all Americans is considering how to tax ...
Taxation of the Internet. Taxation Of The Internet The Internet or the Global
Electronic Infrastructure has now been around for about ...
Submitted by Circe7777 on March 24, 2008
Category: Technology
Words: 1288 | Pages: 6
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The Internet and Taxation
A 19-member panel unknown to virtually all Americans is considering how to tax a virtual world that's home to millions: the Internet. The federal Advisory Commission on Electronic Commerce convened for the first time Monday in historic Williamsburg, Virginia, but the setting is the only thing that's serene. On both sides of the debate, fireworks have been flying for months.
On one side are consumers and businesses that buy and sell on line. Most of their transactions go across state lines, and sales taxes are not collected. They say imposing sales taxes on the Internet could stifle growth in an industry that is helping to drive the U.S. economy, and taxes could drive Internet firms overseas. On the other side are traditional retail merchants who collect sales taxes and the governments that rely on those taxes to pay for police, schools and roads. The retailers are losing business to the tax-free Internet. That cuts into the 36% of state and local government revenue that comes from sales taxes.
The commission's task is to recommend changes to Congress that both sides can live with. It is faced with the current system of more than 3,000 state and local sales taxes. And the products that are taxed, such as food and clothing, vary from state to state. For that reason, the panel, might consider something as radical as a national sales tax. Its recommendations are due to Congress in April 2000.
''America is a world leader in information technology. We are at the cutting edge of Internet commerce, and we want America to maintain that position of leadership,'' says Virginia Gov. James Gilmore, the commission chairman. The debate will affect ''every human being, every potential customer, everyone in their homes who wants to shop for price or look for quality.''
Any final decision on Internet taxes is at least two years away. Last fall, Congress imposed a three-year moratorium, until October 2001,...
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