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Gregory Flap Cole
Amazon Tax: Tax inequity - http://www.pe.com/localne...
California's attempt to corral more revenue from Internet sales would address a real inequity, but the effort could just as easily harm as help the state. A disjointed, state-by-state approach to collecting online sales taxes will not work. Congress needs to provide a comprehensive national solution instead. The budget plan the Legislature passed last week included a bill designed to boost sales tax collection by Internet retailers. The bill, ABx1 28, would generate an estimated $200 million a year for the state's deficit-ridden general fund. And the legislation would ease the competitive advantage distant online sellers have over in-state retailers. While Gov. Jerry Brown vetoed the main budget bill last week, the online sales tax legislation remains alive. ======= Read it all - Gregory Flap Cole