Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
Bill to collect Internet purchase sales tax looks set for Senate OK
by Staff Writers
Washington (UPI) Apr 26, 2013


disclaimer: image is for illustration purposes only

The U.S. Senate has moved closer to passing a bill to tax purchases made over the Internet but the bill will have a tough time in the House, lawmakers say.

"There's a lot of political difficulty getting through the fog of it looking like a tax increase," said Rep. Steve Womack, R-Ark., one of the main sponsors of the bill in the House.

The bill would allow states to compel online retailers, regardless of their physical location, to collect state and local sales taxes for purchases made over the Internet and return those taxes to the states where a shopper lives, BusinessWeek reported.

Currently, states can only require online stores to collect sales taxes if they also have a physical presence in the state. That makes many online sales essentially tax-free, a situation brick-and-mortar retailers like Walmart say gives an unfair advantage to online stores like Amazon and eBay.

"The special treatment of big online businesses at the expense of retailers on Main Street will soon be a thing of the past," Bill Hughes of the Retail Industry Leaders Association said.

The Senate voted 63-30 Thursday to end debate on the bill but delayed a final vote on passage until May 6, when they return from a weeklong vacation.

The U.S. Commerce Department estimates Internet sales in the U.S. totaled $226 billion in 2012, up nearly 16 percent from the previous year.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
France eyes becoming trading hub for China yuan
Hong Kong, China (AFP) April 26, 2013
Paris has what it takes to become the eurozone's main offshore trading hub for the Chinese yuan, French Finance Minister Pierre Moscovici said in Hong Kong on Friday. Moscovici told an audience of Chinese businessmen that the currency, also known as the renminbi (RMB), "has taken on a growing role on the international stage". "The Paris financial market has exactly what it takes to becom ... read more


TRADE WARS
U.S. lawyer defends Australian asylum seekers

Landslide kills 14 in Ecuador

Pakistan quake victims burn tyres at angry protests

Hong Kong searches for 6 missing crew after boat crash

TRADE WARS
Space debris problem now urgent - scientists

Nothing Bugs These NASA Aeronautical Researchers

US eases export rules on aerospace parts

MEADS Low Frequency Sensor Cues Multifunction Fire Control Radar in Test

TRADE WARS
Insights into deadly coral bleaching could help preserve reefs

Israeli scientists discover why soft corals have unique pulsating motion

Campaign to save Barrier Reef from industry

Rivers Act As 'Horizontal cooling towers'

TRADE WARS
EU court maintains seal fur ban

Sea stalactites provide clues to origin of life

Chinese ship sinks off Antarctica: Chile

Age matters to Antarctic clams

TRADE WARS
Deep, Permeable Soils Buffer Impacts of Agricultural Fertilization on Streams and Rivers in Southern Amazon

Ecology, economy and management of an agro-industrial Amazon frontier

Double cropping helps Brazil develop

New studies explore mango's potential health-affirming properties

TRADE WARS
Afghan quake and floods kill 38: officials

Thirteen killed, dozens hurt in Afghan quake

China migrants rush home to help quake-hit families

China's Sichuan mourns quake dead one week later

TRADE WARS
Nigeria amnesty panel says talks possible with Islamists

Scaled down US-Morocco war games resume: embassy

S.African leaders at odds on C.Africa troop re-deployment

France hands Timbuktu mission to Burkina Faso troops

TRADE WARS
Ancient DNA reveals Europe's dynamic genetic history

Ancient skeletons reveal genetic 'history' of Europe's peoples

From mice to humans, comfort is being carried by mom

DNA study suggests human immunity to disease has ethnicity basis




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement