http://www.taxlitigation.net/taxlaw/internet-sales-tax-debate-heats-up-on-capitol-hill/ TAX LAW NEWS - TAX LITIGATION Wed, 02 Feb 2011 22:34:37 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.taxlitigation.net/taxlaw/internet-sales-tax-debate-heats-up-on-capitol-hill/comment-page-1/#comment-7999 Beatrice Vaccaro Mon, 02 Aug 2010 13:57:00 +0000 http://www.taxlitigation.net/?p=920#comment-7999 I agree with the proposed legislation. This is not a new tax. The Main Street Fairness Act is simply modernizing the law to catch up with the reality that so much shopping is now done online. If sales tax is charged in a state, the consumer is already responsible for reporting and paying that tax. Understandably though, many consumers don't keep track of every purchase and report them. It makes more sense for the seller to collect the tax, just as a bricks-and-mortar store does. Technology makes is easy for anyone to open a Web business, manage inventories, use target marketing, calculate shipping etc. Technology has solved this problem also. Our company, Fed-Tax.net, offers such a service (called TaxCloud). It is completely free to the online retailer. It is certified to comply with the Streamlined Sales Tax Agreement, which means that TaxCloud calculates the tax due for any transaction in the US, and offers merchants advantages in terms of tax amnesty and tax indemnification from States that participate in the Streamlined Sales Tax initiative. I think that some of the voices in this debate are spinning this as a 'new' tax. In my opinion it is simply adjusting existing legislation to catch up with the reality that so much business is now being conducted online. I agree with the proposed legislation. This is not a new tax. The Main Street Fairness Act is simply modernizing the law to catch up with the reality that so much shopping is now done online. If sales tax is charged in a state, the consumer is already responsible for reporting and paying that tax. Understandably though, many consumers don’t keep track of every purchase and report them. It makes more sense for the seller to collect the tax, just as a bricks-and-mortar store does. Technology makes is easy for anyone to open a Web business, manage inventories, use target marketing, calculate shipping etc. Technology has solved this problem also. Our company, Fed-Tax.net, offers such a service (called TaxCloud). It is completely free to the online retailer. It is certified to comply with the Streamlined Sales Tax Agreement, which means that TaxCloud calculates the tax due for any transaction in the US, and offers merchants advantages in terms of tax amnesty and tax indemnification from States that participate in the Streamlined Sales Tax initiative.
I think that some of the voices in this debate are spinning this as a ‘new’ tax. In my opinion it is simply adjusting existing legislation to catch up with the reality that so much business is now being conducted online.

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