The Internet Sales Tax Is Back—Without Small Business ExemptionsBy
When the Senate passed the Marketplace Fairness Act in May, a major point of contention was language exempting some small businesses from collecting sales tax on out-of-state transactions. The law said businesses with more than $1 million in annual revenue would have to collect tax for online transactions. EBay, a vocal opponent of the bill, suggested raising the exemption to $10 million. (The company later offered a more nuanced view.)
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.