Editor:
Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA
Should
the Internet be Taxed?
Do
you have a web site? Do you sell things on it. Do you buy things
on the Internet? If you do, you should keep an eye on what is
going on with the Internet Tax Freedom Act.
In
October 1998, Congress passed the Internet Tax Freedom Act (ITFA).
The
ITFA imposed a three-year moratorium on new, multiple, and discriminatory
taxes on Internet access and electronic commerce and established
the Advisory Commission on Electronic Commerce to examine issues
related to Internet taxation.
Most
Internet e-commerce site feel since they are subject to the
same rules applying to catalog sales, which collect sales taxes
only in states in which they have operations.
Legislation
being proposed would prevent states and localities going after
Internet sales for additional taxes.
What
do you think, visit the The
Advisory Commission on Electronic Commerce , to find out
more information on this important change in taxes.
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