Mass. Treasurer Calls on U.S. Senate Finance Chair to Approve Online Sales Tax
Massachusetts Treasurer Steven Grossman cites fairness to brick and mortar businesses, as well as an additional $387 million in sales tax collected, as reasons to implement a state sales tax on online purchases.
Just in time for Black Friday and Cyber Monday, Massachusetts Treasurer Steven Grossman is asking the U.S. Senate's Committee on Finance to support legislation allowing states to tax sales made online. "This is fundamentally an issue of Main Street fairness - brick and mortar stores that create and support local jobs should not be at a competitive disadvantage against out-of-state online sales giants," Grossman said in a press release Tuesday. "It’s time to level the playing field by creating a consistent sales tax policy." Grossman sent a letter to U.S. Senator Max Baucus, Chairman of the Senate Committee on Finance, urging him to support legislative efforts to allow states to implement uniform Internet sales tax laws. According to the …
malcolm nichols
6:50 am on Monday, November 26, 2012
If you go to a store in NYC and buy something who collects sales tax? When you buy a product on line from a store in NYC (under this new regulation) who collects sales tax? more ›