Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Are into healthy living? Do you have an entrepreneurial spirit? If so, you should read about this skincare, beauty and hair care product business opportunity. A company that is pioneering the...
Did you know that you can operate your own business that helps mid to large sized companies with their energy efficiency? Yes you can with this clean technology (cleantech) energy management...
Are you into healthy living? Do you have an interest in working for yourself? Well then, you should check out this nutrition and wellness product business opportunity that enables you to be a top-selling health...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free!
Carelumina
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
NUMedia
NEW OPPORTUNITY JUST LAUNCHED! Try it before you buy it! Click To Get Your 15-Day FREE Trial! Daily payouts no waiting!
Here's the Quickest & Easiest Way To Earn Passive Income
Absolutely Remarkable Money Making Program! Many come up with excuses when they are afraid to take action! BE DIFFERENT!
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
 
Resource Center > Article
Online Shopping Tax Debate Heats Up Once Again
27 Feb 13 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

Business opportunity and other business owners who make much of their money on internet sales are once again grappling with the potential impact of proposed legislation that would grant states the authority to compel all online retailers to collect sales tax, regardless of where they are located. It’s just the latest development in an ongoing debate that has only heightened during the last few years.

Having been repackaged to address some of the most pressing concerns voiced during the last round of proposed legislation on the issue, the Marketplace Fairness Act of 2013—dubbed the “Amazon Tax” in homage to the world’s largest online retailer—continues to draw fire from a number of organizations. eBay, a number of select non-profits and political action groups, such as Americans for Tax Reform, and a number of politicians on the Hill are among them.

While any e-shopping or m-shopping business—from the largest and most successful online retailers to those for whom online retail growth is only in its infancy—will likely view this newest attempt to “level the playing field” as a huge imposition, many of them now have given in and can see the writing on the wall. In fact, Amazon now collects taxes in a number of states where it did not before, and it also supports this latest measure—as do other leading online retailers such as Best Buy, Target and Walmart, among many others.

As for the brick and mortar businesses and their surrogates who have been championing this issue for years, many of them are relieved to see that the debate is still very much alive and once again making national headlines. They feel optimistic that this latest proposal, even if it does not pass as is right away, signals that the issue is once again gaining momentum as consensus builds around the idea of sales tax parity once and for all—that it is an idea whose time has finally come.

“For far too long local retailers and small business owners have been saddled with a competitive disadvantage with online retailers—sales taxes,” said David French, the senior vice president for government relations at the National Retail Federation (NRF), in a recent statement. “While store owners collect and remit state and local sales taxes, their digital competitors are off the hook—and benefiting because of it,” he said.

Asserting that the current sales tax loophole “hinders community-based retailers, hurts Main Street jobs and has [led] to a $24 billion loss for state and local governments,” French reiterated something that many individuals who do much of their shopping online may not know—that these taxes are actually not new. In fact, consumers are supposed to remit taxes on their online purchases to the state in which they live. However, the laws governing this issue are rarely if ever enforced, and millions of dollars in potential tax revenue goes uncollected as a result—something that many believe needs to change, especially given today’s huge state budget deficits and technological advancements.

“Today, keeping track of a few thousand local tax rates is no longer an insurmountable technical, administrative or financial burden,” according to marketplacefairness.org, a website devoted to educating and informing the public about this issue. It’s “certainly no more difficult than calculating real-time shipping,” which is now a common feature on virtually any online retailer’s website. But, it states, “a State can only enforce these laws (to collect sales tax) within its own borders unless (or until) Congress recognizes the significant advances made by ‘man and his ingenuity with machines’ (in recent years).”

The current proposed legislation not only requires states to simplify their sales tax codes and tax definitions before implementation, but it also provides online retailers with access to free software that will facilitate their compliance.

“The Marketplace Fairness Act (2013) is the bipartisan, bicameral, common-sense solution that promotes states’ rights and levels the playing field for our Main Street businesses,” said U.S. Rep. Steve Womack, R-Ark. It prohibits the government from picking “marketplace winners and losers.”

We want to hear from you, our readers! Where do you stand on this issue? Should the Marketplace Fairness Act be passed into law this year? How would its passage affect your online retail growth? Have successful online retailers enjoyed an unearned advantage for too long already? Tell us what you think…

Related Blog Posts
20 Jun 18 Posted by: Todd Hatch
in Featured Articles
Are into healthy living? Do you have an entrepreneurial spirit? If so, you should read about this skincare, beauty and hair care product business opportunity. A company that is pioneering the...
11 Jun 18 Posted by: Todd Hatch
in Featured Articles
Did you know that you can operate your own business that helps mid to large sized companies with their energy efficiency? Yes you can with this clean technology (cleantech) energy management...
7 Jun 18 Posted by: Todd Hatch
in Featured Articles
Are you into healthy living? Do you have an interest in working for yourself? Well then, you should check out this nutrition and wellness product business opportunity that enables you to be a top-selling health...
4 Jun 18 Posted by: Todd Hatch
in Featured Articles
At BusinessOpportunity.com, we have many financial services business options, including a home and commercial property financing business opportunity. As...
30 May 18 Posted by: Todd Hatch
in Featured Articles
There’s no question, technology is the way of the future. Advances in medical technology not only deliver safer and better results to patients, but these medical technology advances also create jobs as well as business opportunities for entrepreneurs.  
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor