States continue push to tax internet sales

✍ Scribed by Blaise M. Sonnier

• Book ID: 102298690
• Publisher: John Wiley and Sons
• Year: 2010
• Tongue: English
• Weight: 72 KB
• Volume: 22
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.20643

✦ Synopsis

Abstract

State and local governments have relied on sales tax as a significant source of revenue. But the Internet has made them lose sales tax revenue, as online purchases have soared. So states are continuing a push to tax sales made over the Internet, which can impact companies' cash flow. Here's an update of the situation. © 2010 Wiley Periodicals, Inc.