CEO DATELINE - The daily roundup of news important to associations - Sept. 26, 2013
- September 26, 2013 |
- CEO Update
Associations say online sales tax would be expensive to implement A coalition of associations opposed to expanding online sales taxes released a new report Wednesday finding that such a move would cost individual retailers hundreds of thousands of dollars annually. At issue is the Marketplace Fairness Act, a bill currently before Congress that would give states the authority to collect sales taxes from online purchases. The legislation is supported by many traditional retailers who say that it would level the playing field between them and their online competitors, which do not need to collect sales taxes unless they have a physical presence in the same state as the… Read More